Section 31A-14-101 - Purposes of chapterThis chapter's purposes are to:
(1) protect insureds, creditors, and the public by providing adequate standards and an orderly procedure for the authorization of foreign insurers;(2) subject foreign insurers doing an insurance business in Utah to the jurisdiction of the Utah commissioner and courts; and(3) provide Utah policyholders dealing with foreign insurers with regulatory protection equivalent to that provided to Utah policyholders dealing with domestic insurers.Enacted by Chapter 242, 1985 General Session