Title 31A, Title 31A: Insurance Code

31A-16-104.5. Acquisitions involving insurers not otherwise covered. (1) The following definitions apply for the purposes of this section only: "Acquisition" means an agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectl…

31A-16-105. Registration of insurers. (1) An insurer that is authorized to do business in this state and that is a member of an insurance holding company system shall register with the commissioner, except a foreign insurer subject to registration requirements and standards adopt…

31A-16-106. Standards and management of an insurer within a holding company system. (1) Transactions within an insurance holding company system to which an insurer subject to registration is a party are subject to the following standards: the terms shall be fair and reasonable; a…

31A-16-107.5. Examination of registered insurers. (1) Subject to the limitation contained in this section and the powers which the commissioner has under, relating to the examination of insurers, the commissioner has the power to examine an insurer registered under Sectionand its…

31A-16-108.5. Supervisory colleges. (1) For an insurer registered under Sectionand in accordance with Subsection, the commissioner may participate in a supervisory college for a domestic insurer that is part of an insurance holding company system with international operations to …

31A-16-108.6. Supervision of internationally active insurance groups. (1) Except as otherwise provided in this section, the commissioner shall act as the group-wide supervisor for each internationally active insurance group. In lieu of acting as the group-wide supervisor for an i…

31A-16-109. Confidentiality of information obtained by commissioner. (1) Documents, materials, or information obtained by or disclosed to the commissioner or any other person in the course of an examination or investigation made under Section, and all information reported or prov…

31A-16-110. Enjoining violations -- Voting securities acquired in violation of law or rule. (1) Whenever it appears to the commissioner that any insurer or any director, officer, employee, or agent of an insurer has committed or is about to commit a violation of this chapter or a…

31A-16-111. Required sale of improperly acquired stock -- Penalties. (1) If the commissioner finds that the acquiring person has not substantially complied with the requirements of this chapter in acquiring control of a domestic insurer, the commissioner may require the acquiring…

31A-16-112. Sanctions. (1) Notwithstanding Section, the following sanctions apply: 31A-2-308 An insurer failing, without just cause, to file a registration statement required by this chapter is required, after notice and hearing, to pay a penalty of $10,000 for each day's delay, …

31A-16-113. Receivership. Whenever it appears to the commissioner that a person has committed a violation of this chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its pol…

31A-16-114. Recovery. (1) If an order for liquidation or rehabilitation of a domestic insurer is entered, the receiver appointed under the order shall have a right to recover on behalf of the insurer: from any parent corporation, holding company, or person or affiliate who otherw…

31A-16-115. Revocation, suspension, or nonrenewal of insurer's license. Whenever it appears to the commissioner that a person has committed a violation of this chapter that makes the continued operation of an insurer contrary to the interests of policyholders or the public, the c…

31A-16-116. Rules and orders. The commissioner in accordance with, may make rules necessary to carry out this chapter. The commissioner may issue orders as is necessary to carry out this chapter.

31A-16-117. Judicial review -- Mandamus. (1) A person aggrieved by an act, determination, rule, or order or any other action of the commissioner pursuant to this chapter may seek judicial review in accordance with. Title 63G, Chapter 4, Administrative Procedures Act (2) The filin…

31A-16-118. Conflict with other laws. If any law or part of a law of this state is inconsistent with this chapter, this chapter governs.

31A-16-119. Severability. If any chapter, section, or subsection of this chapter or the application of any chapter, section, or subsection to any person or circumstance is held invalid, the remainder of the provisions of this chapter shall be given effect without the invalid prov…