Utah Code 31A-27a-208. Entry of order
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(1) If the commissioner establishes any of the grounds provided in Section 31A-27a-207, the receivership court shall:
Terms Used In Utah Code 31A-27a-208
- Commissioner: is a s defined in Section 31A-1-301. See Utah Code 31A-27a-102
- insurer: means a person who:(23)(a) is doing, has done, purports to do, or is licensed to do the business of insurance;(23)(b) is or has been subject to the authority of, or to rehabilitation, liquidation, reorganization, supervision, or conservation by an insurance commissioner; or(23)(c) is included under Section 31A-27a-104. See Utah Code 31A-27a-102
- Order: means an order of the commissioner. See Utah Code 31A-1-301
- receivership: means a rehabilitation, liquidation, or ancillary receivership. See Utah Code 31A-27a-102
- receivership court: refers to the court in which a delinquency proceeding is pending. See Utah Code 31A-27a-102
(1)(a) grant the petition; and(1)(b) issue the order of rehabilitation or liquidation requested in the petition.
(2) Upon the issuance of the order, the commissioner shall forward a copy of the order by first-class mail or electronic communication as permitted by the receivership court to the commissioners and guaranty associations in states in which the insurer did business.