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.


Utah Admin. Code R590-157-2
Amended by Utah State Bulletin Number 2022-07, effective 3/16/2022

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