™Your Policy Risk Impact Agent
14 chapters · 432 sections in this title.
Utah Code § 63A-4-101.1 Definitions.
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63A-4-101.1. Definitions. As used in this chapter: (1) "Captive insurance company" means the same as that term is defined in Section 31A-37-102. (2) "Covered entity" means a participating entity of: (a) the Risk Management Fund; or (b) any captive insurance company created by the…
Utah Code § 63A-4-101.5 Risk manager -- Appointment -- Duties.
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63A-4-101.5. Risk manager -- Appointment -- Duties. (1)(a) There is created within the department the Division of Risk Management. (b) The executive director shall, with the approval of the governor, appoint a risk manager as the division director, who shall be qualified by educa…
Utah Code § 63A-4-102 Risk manager -- Powers.
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63A-4-102. Risk manager -- Powers. (1) The risk manager may: (a) enter into contracts; (b) form one or more captive insurance companies authorized under Title 31A, Chapter 37, Captive Insurance Companies Act; (c) purchase insurance or reinsurance; (d) adjust, settle, and pay clai…
Utah Code § 63A-4-103 Risk management -- Duties of covered entities.
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63A-4-103. Risk management -- Duties of covered entities. (1)(a) Unless expressly authorized by statute, a covered entity may not: (i) purchase insurance or self-fund any risk unless authorized by the risk manager; or (ii) procure or provide liability insurance for the state. (b)…