Section R590-238-14 - Conflict of Interest(1)(a) A company shall adopt a conflict of interest statement for its directors, managers, and key employees.(b) The conflict of interest statement shall disclose that the individual has no outside commitments, personal or otherwise, that would divert the individual from the individual's duty to further the interests of the company.(c) The conflict of interest statement does not preclude an individual from being an officer, director, or manager in more than one insurance company.(2) Each officer, director, manager, and key employee shall file a yearly disclosure with the board of directors.Utah Admin. Code R590-238-14
Amended by Utah State Bulletin Number 2015-20, effective 9/25/2015Adopted by Utah State Bulletin Number 2024-01, effective 12/22/2023Amended by Utah State Bulletin Number 2024-18, effective 9/10/2024