31A-16-101. Scope and purpose of chapter.
(1) This chapter applies to all persons doing an insurance business in Utah.
(2) The purposes of this chapter include: exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed; providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers; controlling the payment of dividends that might affect the solidity of insurers; and providing, in appropriate cases, recoupment of dividends paid.