31A-5-102. Scope and purposes.
(1) Except as expressly provided otherwise in this title, this chapter applies to all corporations organized under Utah law and doing an insurance business as defined under Section, except those expressly governed by other chapters of this title. This chapter applies to corporations doing a reinsurance business, whether or not they do other insurance business. 31A-1-301 Except as expressly provided otherwise, this chapter does not apply to nondomestic insurers. Except as provided otherwise in this title,, and, apply to corporations under this chapter. Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act Title 16, Chapter 10a, Utah Revised Business Corporation Act If, or, conflict with this title, this title governs. Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act Title 16, Chapter 10a, Utah Revised Business Corporation Act
(2) The purposes of this chapter include: to provide a procedure for the formation of insurance corporations; to assure the solidity of insurance corporations by providing an organizational framework to facilitate sound management, sound operation, and sound regulation; to provide fair means of corporate transformation; and where feasible, to strengthen internal corporate democracy through enhancing shareholder and policyholder participation.