34A-2-201. Employers to secure workers' compensation benefits for employees -- Methods.
An employer shall secure the payment of workers' compensation benefits for its employees by:
(1) insuring, and keeping insured, the payment of this compensation with an insurer authorized under, to transact the business of workers' compensation insurance in this state; or Title 31A, Insurance Code
(2) obtaining approval from the division in accordance with Sectionto pay direct compensation as a self-insured employer in the amount, in the manner, and when due as provided for in this chapter or. 34A-2-201.5 Chapter 3, Utah Occupational Disease Act