Utah Admin. Code R590-238-19 - Authorized Forms

(1) An applicant shall use the following forms, available on the department's website, https://insurance.utah.gov/captive, when applying for a certificate of authority for a new company:
(a) Application to Form a Captive Insurance Company;
(b) Appointment of the Insurance Commissioner for the State of Utah as Attorney to Accept Service of Process;
(c) Bank Capitalization Confirmation Form;
(d) Biographical Affidavit for Captive Insurance Company;
(e) Captive Insurance Company Annual Statement Form;
(f) Statement of Economic Benefit to the State of Utah; and
(g) Utah Approved Irrevocable Letter of Credit.
(2) An applicant shall use the following forms, available on the department's website, https://insurance.utah.gov/captive, when applying to become an approved captive insurance company service provider:
(a) Application for Placement on Approved Captive Insurer Management Firm List;
(b) Application to Certify Loss and Expense for Captive Insurance Companies Captive Actuary Application; and
(c) Application for Authorization as an Independent Certified Public Accountant for Captive Insurance Companies.
(3) A company, except as provided under Subsection R590-238-4(2)(b), shall use the Captive Insurance Company Annual Statement Form.
(4) A company shall file a Statement of Economic Benefit to the State of Utah form with its initial application and for each year.

Notes

Utah Admin. Code R590-238-19
Amended by Utah State Bulletin Number 2015-20, effective 9/25/2015 Adopted by Utah State Bulletin Number 2024-01, effective 12/22/2023 Amended by Utah State Bulletin Number 2024-18, effective 9/10/2024

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