Utah Admin. Code R590-171-2 - Purpose and Scope
(1) The purpose of
this rule is to:
(a) recognize the Surplus
Line Association of Utah as the advisory organization of surplus lines
producers;
(b) authorize the
Surplus Line Association of Utah to conduct the examination of surplus lines
transactions;
(c) authorize the
Surplus Line Association of Utah to collect a stamping fee;
(d) require that a surplus lines producer be
a member of the advisory organization;
(e) regulate access and exceptions to the
surplus lines market; and
(f)
prescribe procedures for the placement of insurance with a surplus lines
insurer.
(2) This rule
applies to a person placing insurance with a surplus lines insurer on a risk
located in Utah.
Notes
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