Utah Admin. Code 628-20-5

Current through Bulletin 2025-01, January 1, 2025
Section R628-20-5 - Requirements for Deposits
(1) To be qualified for deposit under Section 53B-7-60 the FDI shall:
(a) be insured or otherwise have a similar protection if that country does not technically provide insurance;
(b) be rated "A" or better by one NRSRO; and
(c) be domiciled in a country in which the sovereign debt rating is "A" or better by the NRSRO.

Utah Admin. Code R628-20-5