31A-15-101 - Purposes.
31A-15-101. Purposes.
It is the purpose of this chapter to:
(1) prevent evasion by unauthorized insurers of the regulatory and tax laws of Utah andprotect Utah and its residents against loss from that type of evasion;
(2) subject unauthorized insurers and other persons doing an insurance business in Utah tothe 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 procuringinsurance from unauthorized insurers.
Enacted by Chapter 242, 1985 General Session