Title 31A, Title 31A: Insurance Code

31A-23a-416. Solicitations to loan applicants. (1) A person authorized to engage in insurance activities in this state shall prominently disclose in writing the information described in Subsectionto a person seeking an extension of credit if: (1)(b) the person authorized to engag…

31A-23a-417. Financial services insurance activities regulation. (1) It is the intent of the Legislature that the regulation of insurance activities of any person in this state be based on functional regulation principles established in the Gramm-Leach-Bliley Act of 1999, Pub. L.…

31A-23a-501. Licensee compensation. (1) As used in this section: "Commission compensation" includes funds paid to or credited for the benefit of a licensee from: commission amounts deducted from insurance premiums on insurance sold by or placed through the licensee; commission am…

31A-23a-502. Controlled business, except as to title insurance. (1) As used in this section, "controlled business" means insurance procured by: an insurance producer who is a natural person upon the life, person, or property of himself, his relative within the second degree by bl…

31A-23a-504. Sharing commissions. (1) Except as provided in Subsection, a licensee under this chapter or an insurer may only pay consideration or reimburse out-of-pocket expenses to a person if the licensee knows that the person is licensed under this chapter as to the particular…

31A-23a-505. Benefit plans for producers. An authorized insurer may establish retirement, insurance, and other benefit plans for producers on a basis approved by the commissioner.

31A-23a-601. Licensure. (1) A person, firm, association, or corporation may not act in the capacity of managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed producer in this state. (2) A person, fi…

31A-23a-602. Required contract provisions. A person, firm, association, or corporation acting in the capacity of a managing general agent may not place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities o…

31A-23a-603. Duties of insurers. (1) The insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each managing general agent with which the insurer has done business. (2) If a managing general agent establishes loss reserves, …

31A-23a-604. Examination authority. The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.

31A-23a-605. Penalties and liabilities. (1) If the commissioner finds after a hearing that any person has violated any provision of this part, the commissioner may order: for each separate violation, a penalty in an amount of $5,000; revocation or suspension of the producer's lic…

31A-23a-701. Applicability. (1) This part applies to licensed insurers, as defined in Section, that are domiciled: 31A-23a-102 in this state; or in a state that does not have a substantially similar law. (2) All provisions of, to the extent they are not superseded by this part, c…

31A-23a-702. Minimum standards. (1) This section applies if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling producer is equal to or greater than 5% of the admitted assets of the controlled insurer,…

31A-23a-703. Disclosure. The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer. However, if the business is placed through a producer who is not …

31A-23a-704. Penalties. (1) If, after notice and opportunity to be heard, the commissioner finds that the controlling producer or any other person has not materially complied with this part, or any rule made or order issued under the part, the commissioner may order the controlli…

31A-23a-801. Licensure. (1) A person, firm, association, or corporation may not act as a reinsurance intermediary-broker in this state if the reinsurance intermediary-broker maintains an office either directly or as a member or employee of a firm or association, or an officer, di…

31A-23a-802. Required contract provisions -- Reinsurance intermediary-broker. Transactions between a reinsurance intermediary-broker and the insurer it represents in that capacity may only be entered into pursuant to a written authorization, which specifies the responsibilities o…

31A-23a-803. Books and records -- Reinsurance intermediary-broker. (1) For at least 10 years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-broker, he will keep a complete record for each transaction showing: the type of contract, limi…

31A-23a-804. Duties of insurers utilizing the services of a reinsurance intermediary-broker. (1) An insurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as requ…

31A-23a-805. Required contract provisions -- Reinsurance intermediary-manager. Transactions between a reinsurance intermediary-manager and the reinsurer it represents in that capacity may only be entered into pursuant to a written contract, which specifies the responsibilities of…

31A-23a-806. Prohibited acts. (1) The reinsurance intermediary-manager may not cede retrocessions on behalf of the reinsurer, except that the reinsurance intermediary-manager may cede facultative retrocessions pursuant to obligatory facultative agreements if the contract with the…

31A-23a-807. Duties of reinsurers utilizing the services of reinsurance. (1) A reinsurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-manager on its behalf unless the person is licensed as required by Subsection…

31A-23a-808. Examination authority. (1) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary, which shall be kept in a form usable to the commiss…

31A-23a-809. Penalties and liabilities. (1) A reinsurance intermediary, insurer, or reinsurer found by the commissioner, after a hearing conducted in accordance with, to be in violation of any provisions of this title, shall: Title 63G, Chapter 4, Administrative Procedures Act fo…

31A-23a-901. Title. This part is known as the "Travel Insurance Act."

31A-23a-902. Definitions. As used in this part, unless the context requires otherwise: (1) "Aggregator site" means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparis…

31A-23a-902.1. Scope. (1) The requirements under this part: apply to travel insurance: that covers a resident of this state; that is sold, solicited, negotiated, or offered in this state; and for which policies and certificates are delivered or issued for delivery in this state; …

31A-23a-903. Issuance of limited lines travel insurance producer license. Notwithstanding any other provision of this chapter: (1) The commissioner may issue to an individual or business entity that has filed with the commissioner an application in a form and manner prescribed by…

31A-23a-904. Travel retailers. Notwithstanding any other provision of this chapter, a travel retailer may offer and disseminate travel insurance under a limited lines travel insurance producer business entity license only if the following conditions are met: (1) The limited lines…

31A-23a-905. Offering or disseminating travel insurance. (1) A travel retailer offering or disseminating travel insurance shall make available to a prospective purchaser a brochure or other written material that: provides the identity and contact information of the insurer and th…

31A-23a-906. Travel insurance. Travel insurance may be provided under an individual policy or under a group or master policy.

31A-23a-907. Market conduct and penalties. A limited lines travel insurance producer and any travel retailer offering and disseminating travel insurance under the limited lines travel insurance producer license are subject to Sections,, and.

31A-23a-908. Travel protection plans. A person may offer a travel protection plan for one price for the combined features that the travel protection plan offers, if: (1) the person ensures the travel protection plan: clearly discloses to the consumer, at or before the time of pur…

31A-23a-909. Sales practices. (1) As used in this section, "deliver" or "delivery" means: handing fulfillment material to a policyholder or certificate holder; or sending fulfillment material by mail or electronic means to a policyholder or certificate holder. (2) A person who of…

31A-23a-910. Travel administrators. (1) A person may not act as or represent that the person is a travel administrator for travel insurance unless the person: is an insurance producer acting within the scope of the producer's license; is licensed as a managing general agent in ac…

31A-23a-911. Classification of travel insurance -- Standards -- Status. (1) An insurer shall classify and file travel insurance under an inland marine line of insurance. (2) An insurer may: issue travel insurance as an individual, group, or blanket policy; or develop eligibility …

31A-23a-912. Rulemaking. The commissioner may make rules in accordance with, necessary to implement the provisions of this part.