31A-14-101. Purposes of chapter.
This 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.