Utah Admin. Code R590-157-2 - Purpose and Scope
(1) The purpose
of this rule is to prescribe:
(a) the amount
of the stamping fee ;
(b) the
accounting and reporting forms and procedures to be used in calculating the
surplus lines premium tax and the stamping fee ; and
(c) the entities authorized to examine a
surplus lines transaction and collect and receive the surplus lines premium tax
and the stamping fee .
(2)
This rule applies to:
(a) a surplus lines
insurer , a surplus lines producer , and a policyholder required to pay a premium
tax and stamping fee ;
(b) the
advisory organization authorized to examine surplus lines transactions;
and
(c) the commissioner's
authorized agent responsible for:
(i)
collecting the stamping fee and premium tax; and
(ii) remitting the premium tax to the
commissioner.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.