State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-04 > 31a-4-113-5

31A-4-113.5. Filing requirements -- National Association of InsuranceCommissioners.
(1) (a) Each domestic, foreign, and alien insurer who is authorized to transact insurancebusiness in this state shall annually, on or before March 1, file with the National Association ofInsurance Commissioners a copy of the insurer's:
(i) annual statement convention blank; and
(ii) any additional filings required by the commissioner for the preceding year.
(b) The information filed with the National Association of Insurance Commissionersunder Subsection (1)(a) shall:
(i) be in the format and scope required by the commissioner; and
(ii) include:
(A) the signed jurat page; and
(B) the actuarial certification.
(c) Any amendments and addendums to an annual statement that are filed with thecommissioner shall be filed by the insurer with the National Association of InsuranceCommissioners.
(d) At the time an insurer makes a filing under this Subsection (1), the insurer shall payany filing fees assessed by the National Association of Insurance Commissioners.
(e) A foreign insurer that is domiciled in a state that has a law substantially similar to thissection shall be considered to be in compliance with this section.
(2) All financial analysis ratios and examination synopses concerning insurancecompanies that are submitted to the department by the Insurance Regulatory Information Systemare confidential and may not be disclosed by the department.
(3) The commissioner may suspend, revoke, or refuse to renew the certificate ofauthority of any insurer failing to:
(a) file the annual statement as required by Subsection (1)(a) when due or within anyextension of time granted for good cause by:
(i) the commissioner; or
(ii) the National Association of Insurance Commissioners; or
(b) pay by the time specified in Subsection (3)(a) a fee the insurer is required to payunder this section to:
(i) the commissioner; or
(ii) the National Association of Insurance Commissioners.

Amended by Chapter 252, 2003 General Session