™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: the Risk Management Fund; or any captive insurance company created by the risk ma…
Utah Code § 63A-4-101.5 Risk manager -- Appointment -- Duties.
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63A-4-101.5. Risk manager -- Appointment -- Duties. (1) There is created within the department the Division of Risk Management. The executive director shall, with the approval of the governor, appoint a risk manager as the division director, who shall be qualified by education an…
Utah Code § 63A-4-102 Risk manager -- Powers.
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63A-4-102. Risk manager -- Powers. (1) The risk manager may: enter into contracts; form one or more captive insurance companies authorized under; Title 31A, Chapter 37, Captive Insurance Companies Act purchase insurance or reinsurance; adjust, settle, and pay claims; pay expenses…
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) Unless expressly authorized by statute, a covered entity may not: purchase insurance or self-fund any risk unless authorized by the risk manager; or procure or provide liability insurance for the state. Notwithstanding…