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
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