Utah Admin. Code R590-178-7 - Penalties and Prohibitions
(1)
Insurance companies found to be or to have been in violation of this rule shall
be subject to fine, suspension, and revocation of license or other penalties
permitted by Section
31A-2-308.
(2) Insurance companies are not authorized to
provide for the custody of their securities except as granted in this rule.
Custodial securities held in violation of this rule shall be disregarded in
determining and reporting the financial condition of an insurer.
Notes
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