Utah Admin. Code R628-20-5 - Requirements for Deposits

Current through Bulletin No. 2021-18, September 15, 2021

(1) To be qualified for deposit under Section 53B-7-60 the FDI shall:
(a) be insured or otherwise have a similar protection if that country does not technically provide insurance;
(b) be rated "A" or better by one NRSRO; and
(c) be domiciled in a country in which the sovereign debt rating is "A" or better by the NRSRO.

Notes

Utah Admin. Code R628-20-5

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