Section 31A-15-101 - PurposesIt is the purpose of this chapter to:
(1) prevent evasion by unauthorized insurers of the regulatory and tax laws of Utah and protect Utah and its residents against loss from that type of evasion;(2) subject unauthorized insurers and other persons doing an insurance business in Utah to the jurisdiction of the Utah commissioner and courts;(3) protect authorized insurers from unfair competition by unauthorized insurers; and(4) provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.Enacted by Chapter 242, 1985 General Session