Utah Admin. Code 590-171-4

Current through Bulletin 2024-19, October 1, 2024
Section R590-171-4 - Surplus Line Association of Utah
(1) The Surplus Line Association of Utah is recognized as the advisory organization of surplus lines producers under Section 31A-15-111.
(2) A licensed surplus lines producer shall be a member of the Surplus Line Association of Utah.
(3) The Surplus Line Association of Utah is authorized to:
(a) facilitate and encourage compliance by its members with:
(i) the laws of Utah; and
(ii) the rules of the commissioner related to surplus lines insurance;
(b) act in other matters specified by Section 31A-15-111;
(c) conduct the examination of a surplus lines transaction under Subsection 31A-15-103(11);
(d) determine if a surplus lines transaction complies with Subsection 31A-15-103(11) and with Sections R590-171-6 and R590-171-7; and
(e) collect the stamping fee under Subsection 31A-15-103(11)(d).

Utah Admin. Code R590-171-4

Amended by Utah State Bulletin Number 2024-03, effective 1/24/2024