7-1-901 - Authorized insurance activities of depository institutions. - Utah Statutes

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7-1-901. Authorized insurance activities of depository institutions.
(1) A depository institution authorized to do business in this state under this title maydirectly, or indirectly through a subsidiary or affiliate, engage in the following insuranceactivities:
(a) engage in the insurance business as defined under Section 31A-1-301 except as maybe limited by federal law;
(b) act as an insurance producer or consultant as defined under Section 31A-1-301; or
(c) engage in insurance adjusting as defined in Section 31A-26-102.
(2) A depository institution, subsidiary, or affiliate, that engages in insurance activitiesauthorized under Subsection (1) shall be subject to Title 31A, Insurance Code.

Amended by Chapter 298, 2003 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-901

7-1-901. Authorized insurance activities of depository institutions.
(1) A depository institution authorized to do business in this state under this title maydirectly, or indirectly through a subsidiary or affiliate, engage in the following insuranceactivities:
(a) engage in the insurance business as defined under Section 31A-1-301 except as maybe limited by federal law;
(b) act as an insurance producer or consultant as defined under Section 31A-1-301; or
(c) engage in insurance adjusting as defined in Section 31A-26-102.
(2) A depository institution, subsidiary, or affiliate, that engages in insurance activitiesauthorized under Subsection (1) shall be subject to Title 31A, Insurance Code.

Amended by Chapter 298, 2003 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-901

7-1-901. Authorized insurance activities of depository institutions.
(1) A depository institution authorized to do business in this state under this title maydirectly, or indirectly through a subsidiary or affiliate, engage in the following insuranceactivities:
(a) engage in the insurance business as defined under Section 31A-1-301 except as maybe limited by federal law;
(b) act as an insurance producer or consultant as defined under Section 31A-1-301; or
(c) engage in insurance adjusting as defined in Section 31A-26-102.
(2) A depository institution, subsidiary, or affiliate, that engages in insurance activitiesauthorized under Subsection (1) shall be subject to Title 31A, Insurance Code.

Amended by Chapter 298, 2003 General Session