31A-15-106 - Servicing of contracts made out of state. - Utah Statutes

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Statutes > Utah > Title-31a > Chapter-15 > 31a-15-106

31A-15-106. Servicing of contracts made out of state.
(1) A foreign insurer that does not have a certificate of authority to do business in thisstate under Section 31A-14-202 may, in this state, collect premiums and adjust losses and do allother acts reasonably incidental to contracts made outside this state without violating this chapter. Any premiums collected under this section are subject to Section 31A-3-301.
(2) Subsection (1) does not permit a renewal, extension, increase, or other substantialchange in the terms of any contract under Subsection (1) unless:
(a) it is permitted under Section 31A-15-103;
(b) the contract is for life or accident and health insurance or annuities; or
(c) a rule adopted by the commissioner permits this action when the interests of thepolicyholder and the public appear to be sufficiently protected.

Amended by Chapter 116, 2001 General Session

State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-15 > 31a-15-106

31A-15-106. Servicing of contracts made out of state.
(1) A foreign insurer that does not have a certificate of authority to do business in thisstate under Section 31A-14-202 may, in this state, collect premiums and adjust losses and do allother acts reasonably incidental to contracts made outside this state without violating this chapter. Any premiums collected under this section are subject to Section 31A-3-301.
(2) Subsection (1) does not permit a renewal, extension, increase, or other substantialchange in the terms of any contract under Subsection (1) unless:
(a) it is permitted under Section 31A-15-103;
(b) the contract is for life or accident and health insurance or annuities; or
(c) a rule adopted by the commissioner permits this action when the interests of thepolicyholder and the public appear to be sufficiently protected.

Amended by Chapter 116, 2001 General Session

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State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-15 > 31a-15-106

31A-15-106. Servicing of contracts made out of state.
(1) A foreign insurer that does not have a certificate of authority to do business in thisstate under Section 31A-14-202 may, in this state, collect premiums and adjust losses and do allother acts reasonably incidental to contracts made outside this state without violating this chapter. Any premiums collected under this section are subject to Section 31A-3-301.
(2) Subsection (1) does not permit a renewal, extension, increase, or other substantialchange in the terms of any contract under Subsection (1) unless:
(a) it is permitted under Section 31A-15-103;
(b) the contract is for life or accident and health insurance or annuities; or
(c) a rule adopted by the commissioner permits this action when the interests of thepolicyholder and the public appear to be sufficiently protected.

Amended by Chapter 116, 2001 General Session