reglab/housing_qa huggingface dataset:
UT Code § 31A-23a-502 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 5 - Compensation of Producers and Consultants|Section 502 - Controlled business, except as to title insurance.

31A-23a-502. Controlled business, except as to title insurance.    (1) As used in this section, "controlled business" means insurance procured by:   (a) an insurance producer who is a natural person upon the life, person, or property of himself, his relative within the second degree by blood or marriage, his employer, employees, or organization; or     (b) an insurance producer that is an organization upon its own property or upon the life, person, or property of its partners, shareholders, directors, or employees, or their relatives within the second degree by blood or marriage.       (2) No producer may receive any compensation from an insurer for effecting insurance upon controlled business unless during the preceding 12 months the producer had effected other insurance with aggregate premiums exceeding the premiums on the controlled business.     (3) This section does not apply to title insurance.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-505 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 5 - Compensation of Producers and Consultants|Section 505 - Benefit plans for producers.

31A-23a-505. Benefit plans for producers.  An authorized insurer may establish retirement, insurance, and other benefit plans for producers on a basis approved by the commissioner.  Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-601 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 6 - Managing General Agents|Section 601 - Licensure.

31A-23a-601. Licensure.    (1) A person, firm, association, or corporation may not act in the capacity of managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed producer in this state.     (2) A person, firm, association, or corporation may not act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless the person is licensed as a producer in this state pursuant to this chapter. The license may be a nonresident license.     (3) The commissioner may require a bond in an amount he finds acceptable for the protection of each insurer represented.     (4) The commissioner may require the managing general agent to maintain an errors and omissions policy or other security acceptable to the commissioner.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-603 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 6 - Managing General Agents|Section 603 - Duties of insurers.

31A-23a-603. Duties of insurers.    (1) The insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each managing general agent with which the insurer has done business.     (2)   (a) If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the managing general agent.     (b) The requirement of Subsection (2)(a) is in addition to any other required loss reserve certification.       (3) The insurer shall at least semiannually conduct an on-site review of the underwriting and claims processing operations of the managing general agent.     (4) Binding authority for all reinsurance contracts or participation in insurance or reinsurance syndicates shall rest with an officer of the insurer, who may not be affiliated with the managing general agent.     (5)   (a) Within 30 days after entering into or terminating a contract with a managing general agent, the insurer shall provide written notification of the appointment or termination to the commissioner.     (b) A notice of appointment of a managing general agent shall include:   (i) a statement of duties that the applicant is expected to perform on behalf of the insurer;     (ii) the lines of insurance for which the applicant is to be authorized to act; and     (iii) any other information the commissioner may request.         (6)   (a) An insurer shall review the insurer's books and records each quarter to determine if any producer, as defined in Section 31A-1-301, has become a managing general agent as defined in Section 31A-23a-102.     (b) If the insurer determines that a producer has become a managing general agent:   (i) the insurer shall promptly notify the producer and the commissioner of the determination; and     (ii) the insurer and producer shall fully comply with the provisions of this chapter within 30 days.         (7)   (a) An insurer may not appoint officers, directors, employees, subproducers, or controlling shareholders of the insurer's managing general agents to the insurer's board of directors.     (b) This Subsection (7) does not apply to relationships governed by:   (i)Chapter 16, Insurance Holding Companies; or     (ii)Chapter 23a, Part 7, Producer Controlled Insurers, if it applies.        Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-604 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 6 - Managing General Agents|Section 604 - Examination authority.

31A-23a-604. Examination authority.  The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer.  Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-605 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 6 - Managing General Agents|Section 605 - Penalties and liabilities.

31A-23a-605. Penalties and liabilities.    (1) If the commissioner finds after a hearing that any person has violated any provision of this part, the commissioner may order:   (a) for each separate violation, a penalty in an amount of $5,000;     (b) revocation or suspension of the producer's license; and     (c) the managing general agent to reimburse the insurer, the rehabilitator, or liquidator of the insurer for any losses incurred by the insurer caused by the managing general agent's violation.       (2) Nothing contained in this section affects the right of the commissioner to impose any other penalties provided for in this title.     (3) Nothing contained in this part is intended to, or in any manner limits or restricts the rights of policyholders, claimants, and auditors.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-701 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 7 - Producer Controlled Insurers|Section 701 - Applicability.

31A-23a-701. Applicability.    (1) This part applies to licensed insurers, as defined in Section 31A-23a-102, that are domiciled:   (a) in this state; or     (b) in a state that does not have a substantially similar law.       (2) All provisions of Chapter 16, Insurance Holding Companies, to the extent they are not superseded by this part, continue to apply to all parties within holding company systems subject to this part.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-703 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 7 - Producer Controlled Insurers|Section 703 - Disclosure.

31A-23a-703. Disclosure.  The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer. However, if the business is placed through a producer who is not a controlling producer, the controlling producer shall retain in his records a signed commitment from the noncontrolling producer that the noncontrolling producer is aware of the relationship between the insurer and the producer and that the noncontrolling producer has, or will, notify the insured.  Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-704 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 7 - Producer Controlled Insurers|Section 704 - Penalties.

31A-23a-704. Penalties.    (1)   (a) If, after notice and opportunity to be heard, the commissioner finds that the controlling producer or any other person has not materially complied with this part, or any rule made or order issued under the part, the commissioner may order the controlling producer to cease placing business with the controlled insurer.     (b) If the commissioner finds that because of the material noncompliance that the controlled insurer or any policyholder of the controlled insurer has suffered any loss or damage, the commissioner may maintain a civil action or may intervene in an action brought by or on behalf of the insurer or policyholder for recovery of compensatory damages for the benefit of the insurer or policyholder or the commissioner may seek other appropriate relief.       (2) If an order for liquidation or rehabilitation of the controlled insurer has been entered pursuant to Chapter 27a, Insurer Receivership Act, and the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with this part, or any rule made or order issued under this part, and the insurer suffered any loss or damage as a result of the noncompliance, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.     (3) Nothing in this section affects the right of the commissioner to impose any other penalties provided for in this title.     (4) Nothing contained in this section is intended to or shall in any manner alter or affect the rights of policyholders, claimants, creditors, or other third parties.    Amended by Chapter 309, 2007 General Session
UT Code § 31A-23a-802 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 802 - Required contract provisions -- Reinsurance intermediary-broker.

31A-23a-802. Required contract provisions -- Reinsurance intermediary-broker.  Transactions between a reinsurance intermediary-broker and the insurer it represents in that capacity may only be entered into pursuant to a written authorization, which specifies the responsibilities of each party. The authorization shall, at a minimum, provide that the reinsurance intermediary-broker:  (1) may have his authority terminated by the insurer at any time;     (2) will render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges and other fees received by, or owing to the reinsurance intermediary-broker, and that he will remit all funds due to the insurer within 30 days of receipt;     (3) shall hold, in a fiduciary capacity, all funds collected for the insurer's account in a financial institution, which is a qualified United States financial institution;     (4) will comply with Section 31A-23a-803;     (5) will comply with the written standards established by the insurer for the cession or retrocession of all risks; and     (6) will disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-803 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 803 - Books and records -- Reinsurance intermediary-broker.

31A-23a-803. Books and records -- Reinsurance intermediary-broker.    (1) For at least 10 years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-broker, he will keep a complete record for each transaction showing:   (a) the type of contract, limits, underwriting restrictions, classes or risks, and territory;     (b) the period of coverage, including the effective and expiration dates, cancellation provisions, and notice required of cancellation;     (c) reporting and settlement requirements of balances;     (d) the rate used to compute the reinsurance premium;     (e) the names and addresses of assuming reinsurers;     (f) the rates of all reinsurance commissions, including the commissions on any retrocessions handled by the reinsurance intermediary-broker;     (g) related correspondence and memoranda;     (h) proof of placement;     (i) details regarding retrocessions handled by the reinsurance intermediary-broker, including the identity of retrocessionaires and percentage of each contract assumed or ceded;     (j) financial records including premium and loss accounts; and     (k) when the reinsurance intermediary-broker procures a reinsurance contract on behalf of a licensed ceding insurer:   (i) directly from any assuming reinsurer, written evidence that the assuming reinsurer has agreed to assume the risk; or     (ii) if placed through a representative of the assuming reinsurer, other than an employee, written evidence that the reinsurer has delegated binding authority to the representative.         (2) The insurer will have access and the right to copy and audit all accounts and records maintained by the reinsurance intermediary-broker related to its business in a form usable by the insurer.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-804 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 804 - Duties of insurers utilizing the services of a reinsurance intermediary-broker.

31A-23a-804. Duties of insurers utilizing the services of a reinsurance intermediary-broker.    (1) An insurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by Subsection 31A-23a-801(1).     (2) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker is under common control with the insurer and subject to Title 31A, Chapter 16, Insurance Holding Companies.     (3) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-806 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 806 - Prohibited acts.

31A-23a-806. Prohibited acts.    (1) The reinsurance intermediary-manager may not cede retrocessions on behalf of the reinsurer, except that the reinsurance intermediary-manager may cede facultative retrocessions pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for facultative retrocessions. The guidelines shall include a list of reinsurers with which automatic agreements are in effect, and for each listed reinsurer, the coverages and amounts or percentages that may be reinsured, and commission schedules.     (2) The reinsurance intermediary-manager may not commit the reinsurer to participate in reinsurance syndicates.     (3) The reinsurance intermediary-manager may not appoint any producer without assuring that the producer is lawfully licensed to transact the type of reinsurance for which the producer is appointed.     (4) The reinsurance intermediary-manager may not, without prior approval of the reinsurer, pay or commit the reinsurer to pay a claim, net of retrocessions, that exceeds the lesser of an amount specified by the reinsurer or 1% of the reinsurer's policyholder's surplus as of December 31 of the last complete calendar year.     (5) The reinsurance intermediary-manager may not collect any payment from a retrocessionaire or commit the reinsurer to any claim settlement with a retrocessionaire, without prior approval of the reinsurer. If prior approval is given, a report shall be promptly forwarded to the reinsurer.     (6) The reinsurance intermediary-manager may not jointly employ an individual who is employed by the reinsurer unless the reinsurance intermediary-manager is under common control with the reinsurer subject to Title 31A, Chapter 16, Insurance Holding Companies.     (7) The reinsurance intermediary-manager may not appoint a subreinsurance intermediary-manager.    Amended by Chapter 297, 2011 General Session
UT Code § 31A-23a-807 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 807 - Duties of reinsurers utilizing the services of reinsurance.

31A-23a-807. Duties of reinsurers utilizing the services of reinsurance.    (1) A reinsurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-manager on its behalf unless the person is licensed as required by Subsection 31A-23a-801(2).     (2) The reinsurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-manager which the reinsurer has engaged, which shall be prepared by an independent certified public accountant in a form acceptable to the commissioner.     (3) If a reinsurance intermediary-manager establishes loss reserves, the reinsurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the reinsurance intermediary-manager. The actuary's opinion shall be in addition to any other required loss reserve certification.     (4) Binding authority for all retrocessional contracts or participation in reinsurance syndicates shall rest with an officer of the reinsurer, who may not be affiliated with the reinsurance intermediary-manager.     (5) Within 30 days of termination of a contract with a reinsurance intermediary-manager, the reinsurer shall provide written notification of the termination to the commissioner.     (6) A reinsurer may not appoint to its board of directors, any officer, director, employee, controlling shareholder, or subproducer of its reinsurance intermediary-manager. This subsection does not apply to relationships governed by Title 31A, Chapter 16, Insurance Holding Companies, or Chapter 23a, Part 7, Producer Controlled Insurers, if it applies.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-808 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 808 - Examination authority.

31A-23a-808. Examination authority.    (1) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary, which shall be kept in a form usable to the commissioner.     (2) A reinsurance intermediary-manager may be examined as if it were the reinsurer.    Renumbered and Amended by Chapter 298, 2003 General Session
UT Code § 31A-23a-809 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 8 - Reinsurance Intermediaries|Section 809 - Penalties and liabilities.

31A-23a-809. Penalties and liabilities.    (1) A reinsurance intermediary, insurer, or reinsurer found by the commissioner, after a hearing conducted in accordance with Title 63G, Chapter 4, Administrative Procedures Act, to be in violation of any provisions of this title, shall:   (a) for each separate violation, pay a civil penalty in an amount not exceeding $5,000;     (b) be subject to revocation or suspension of its license; and     (c) if a violation was committed by the reinsurance intermediary, the reinsurance intermediary shall make restitution to the insurer, reinsurer, rehabilitator, or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to the violation.       (2) Nothing contained in this section affects the right of the commissioner to impose any other penalties provided in this title.     (3) Nothing contained in this part is intended to, or in any manner limits or restricts the rights of policyholders, claimants, creditors, or other third parties; nor does it confer any rights to such persons.    Amended by Chapter 382, 2008 General Session
UT Code § 31A-23a-901 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 9 - Travel Insurance Act|Section 901 - Title.

 Effective 5/13/2014  31A-23a-901. Title.  This part is known as the "Travel Insurance Act." Enacted by Chapter 277, 2014 General Session
UT Code § 31A-23a-902 (2021)
2021 Utah Code|Title 31A - Insurance Code|Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries|Part 9 - Travel Insurance Act|Section 902 - Definitions.

 Effective 5/13/2014  31A-23a-902. Definitions.  As used in this part, unless the context requires otherwise:  (1) "Limited lines travel insurance producer" means one of the following designated by an insurer as the travel insurance supervising entity as provided in Subsection 31A-23a-905(4):   (a) a licensed managing general agent or third party administrator; or     (b) a licensed insurance producer, including a limited lines producer.       (2) "Offer and disseminate" means:   (a) providing general information, including a description of the coverage and price;     (b) processing an application;     (c) collecting a premium; and     (d) performing activities that the state permits to be done by a person who is not licensed.       (3)   (a) "Travel insurance" means insurance coverage for personal risks incident to planned travel, including:   (i) interruption or cancellation of a trip or event;     (ii) loss of baggage or personal effects;     (iii) damages to accommodations or rental vehicles; or     (iv) sickness, accident, disability, or death during travel.       (b) "Travel insurance" does not include a major medical plan that provides comprehensive medical protection for a traveler with a trip lasting six months or longer, including an individual working overseas or military personnel being deployed.       (4) "Travel retailer" means a business entity that makes, arranges, or offers travel services and may offer and disseminate travel insurance as a service to its customers on behalf of and under the direction of a limited lines travel insurance producer.    Enacted by Chapter 277, 2014 General Session