Utah Admin. Code R590-171-5 - Export List

(1) The commissioner shall maintain an export list of insurance coverages and classes that may be placed with a surplus lines insurer.

(a) The commissioner considers the following in determining the insurance coverages and classes to be included on the export list:

(i) the current marketplace;

(ii) information from the Surplus Line Association of Utah's board of directors;

(iii) information from admitted and surplus lines insurers doing business in Utah;

(iv) information from other sources, including producers and consumers; and

(v) other relevant information.

(b)

(i) A person may request, in writing, that the commissioner add or remove a coverage or a class of insurance from the export list.

(ii) The person shall provide evidence of market conditions to substantiate the request.

(2) The export list shall be published at least annually but may be revised and republished at any time.

Notes

Utah Admin. Code R590-171-5

Amended by Utah State Bulletin Number 2024-03, effective 1/24/2024