Utah Code § 7-2-13
Current with legislation effective through 5/2/2024
The money collected in process of a liquidation by the commissioner shall be from time to time deposited, subject to his order as herein provided, in one or more federally insured depository institutions organized under the laws of this state. In case of the suspension or insolvency of the depository institution, these deposits shall be preferred before all other deposits.
Utah Code § 7-2-13