Utah Code § 31A-37a-302
Minimum capital and surplus
Utah · Utah Code Title 31A — Insurance Code · Status: effective
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- Citation
- Utah Code § 31A-37a-302, Minimum capital and surplus, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2334386
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Full text
(1) The commissioner may not issue a special purpose financial captive insurance company a certificate of authority under this chapter unless it possesses unimpaired paid-in capital and surplus of not less than $250,000 on the day on which the certificate of authority is issued.
(2) A special purpose financial captive insurance company shall maintain unimpaired paid-in capital and surplus of not less than $250,000 at all times when having a certificate of authority under this chapter.