Title 31A, Title 31A: Insurance Code

31A-18-106. Insurer investment policy. (1) An insurer shall establish and follow a written investment policy for exchanging, holding, selling, or managing an investment. (2) An insurer's board of directors shall review the written investment policy described in Subsectionat least…

31A-18-107. Protection against currency fluctuations. (1) An insurer that, in the ordinary course of business, makes payments in more than one currency shall have an investment in securities: in each of the currencies with which the insurer makes payments; and in an amount that, …

31A-18-108. Prohibited investments. (1) As used in this section, "government insurer" means a governmental entity that is authorized by statute or rule to provide an arrangement, contract, or plan: for the transfer of a risk or risks from one or more persons to one or more other …

31A-18-109. Effect of investment restrictions. (1) An insurer may count an invested asset towards the satisfaction of the minimum asset requirement only to the extent that the insurer invests the invested asset in compliance with this chapter, applicable department rules, and ord…

31A-18-110. Authorized classes of investments. An insurer may count the following classes of investments for the purposes stated in Section, whether the insurer makes these investments directly or as a participant in a partnership, joint venture, or limited liability company: (1)…

31A-18-111. Limitations generally applicable. (1) For purposes of determining compliance with Section: 31A-18-109 securities of a single issuer and the single issuer's affiliates, other than the government of the United States and subsidiaries authorized under Section, may not ex…

31A-18-112. Reports and replies. (1) The commissioner may require: any of the following from a person subject to regulation under this chapter: statements, reports, and responses to or other information gathered from questionnaires issued by the commissioner; evidence corroborati…

31A-18-113. Retention of experts. (1) The commissioner may retain, if the commissioner deems necessary to assist in reviewing the insurer's investments, experts including: attorneys; actuaries; accountants; and investment specialists. (2) The commissioner shall: direct and mainta…

31A-18-114. Commissioner's orders. (1) If the commissioner determines that an insurer's practices do not meet the provisions of this chapter, the commissioner may order, after notification to the insurer of the commissioner's findings, the insurer to make changes necessary to com…

31A-18-115. Administrative hearings. An insurer may request a hearing if the insurer is directly aggrieved by the commissioner issuing an order or rule or failing to comply with the provisions of this chapter.

31A-18-116. Confidentiality of information. The investment policy, or information related to the investment policy provided to the commissioner for review, is not a record under Title 63G, Chapter 2, Government Records Access and Management Act, except as provided in Sectionsand,…

31A-18-117. Conflicts of laws and other standards. (1) The provisions of this chapter apply if there is a conflict between this chapter and another provision of state statute, except: Chapter 16, Insurance Holding Companies, purporting to authorize an insurer to make a particular…

31A-18-118. Rules. In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules interpreting and implementing the provisions of this chapter.