Utah Code 31A-27a-107. Notice and hearing on matters submitted by the receiver for receivership court approval
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Terms Used In Utah Code 31A-27a-107
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Filed: means that a filing is:(69)(a)(i) submitted to the department as required by and in accordance with applicable statute, rule, or filing order;(69)(a)(ii) received by the department within the time period provided in applicable statute, rule, or filing order; and(69)(a)(iii) accompanied by the appropriate fee in accordance with:(69)(a)(iii)(A) Section
31A-3-103 ; or(69)(a)(iii)(B) rule. See Utah Code 31A-1-301- Filing: when used as a noun, means an item required to be filed with the department including:
(70)(a) a policy;(70)(b) a rate;(70)(c) a form;(70)(d) a document;(70)(e) a plan;(70)(f) a manual;(70)(g) an application;(70)(h) a report;(70)(i) a certificate;(70)(j) an endorsement;(70)(k) an actuarial certification;(70)(l) a licensee annual statement;(70)(m) a licensee renewal application;(70)(n) an advertisement;(70)(o) a binder; or(70)(p) an outline of coverage. See Utah Code 31A-1-301- Form: means one of the following prepared for general use:
(74)(a)(i) a policy;(74)(a)(ii) a certificate;(74)(a)(iii) an application;(74)(a)(iv) an outline of coverage; or(74)(a)(v) an endorsement. See Utah Code 31A-1-301- Order: means an order of the commissioner. See Utah Code 31A-1-301
- Party in interest: means :
(27)(a) the commissioner;(27)(b) a nondomiciliary commissioner in whose state the insurer has outstanding claims liabilities;(27)(c) an affected guaranty association; and(27)(d) the following parties if the party files a request with the receivership court for inclusion as a party in interest and to be on the service list:(27)(d)(i) an insurer that ceded to or assumed business from the insurer;(27)(d)(ii) a policyholder;(27)(d)(iii) a third party claimant;(27)(d)(iv) a creditor;(27)(d)(v) a 10% or greater equity security holder in the insolvent insurer; and(27)(d)(vi) a person, including an indenture trustee, with a financial or regulatory interest in the delinquency proceeding. See Utah Code 31A-27a-102- Person: includes :
(146)(a) an individual;(146)(b) a partnership;(146)(c) a corporation;(146)(d) an incorporated or unincorporated association;(146)(e) a joint stock company;(146)(f) a trust;(146)(g) a limited liability company;(146)(h) a reciprocal;(146)(i) a syndicate; or(146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301- Proceeding: includes an action or special statutory proceeding. See Utah Code 31A-1-301
- receiver: means the commissioner or the commissioner's designee, including a rehabilitator, liquidator, or ancillary receiver. See Utah Code 31A-27a-102
- 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
- United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
- Writing: includes :
(48)(a) printing;(48)(b) handwriting; and(48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5(1)(a) Upon written request to the receiver, a person shall be placed on the service list to receive notice of matters filed by the receiver. The person shall include in a written request under this Subsection (1)(a) the person’s address, facsimile number, or electronic mail address.(1)(b) It is the responsibility of the person requesting notice to:(1)(b)(i) inform the receiver in writing of any changes in the person’s address, facsimile number, or electronic mail address; or(1)(b)(ii) request that the person’s name be deleted from the service list.(1)(c)(1)(c)(i) The receiver may serve on a person on the service list a request to confirm continuation on the service list by returning a form.(1)(c)(ii) The request to confirm continuation may be served periodically but not more frequently than every 12 months.(1)(c)(iii) A person who fails to return the form described in this Subsection (1)(c) may be removed from the service list.(1)(d) Inclusion on the service list does not confer standing in the delinquency proceeding to raise, appear, or be heard on any issue.(1)(e) The receiver shall:(1)(e)(i) file a copy of the service list with the receivership court; and(1)(e)(ii) periodically provide to the receivership court notice of changes to the service list.(1)(f) Notice may be provided by first-class mail postage paid, electronic mail, or facsimile transmission, at the receiver’s discretion.(2) Except as otherwise provided by this chapter, notice and hearing of any matter submitted by the receiver to the receivership court for approval under this chapter shall be conducted in accordance with this Subsection (2).(2)(a) The receiver:(2)(a)(i) shall file a motion:(2)(a)(i)(A) explaining the proposed action; and(2)(a)(i)(B) the basis for the proposed action; and(2)(a)(ii) may include any evidence in support of the motion.(2)(b) If a document, material, or other information supporting the motion is confidential, the document, material, or other information may be submitted to the receivership court under seal for in camera inspection.(2)(c)(2)(c)(i) The receiver shall provide notice and a copy of the motion to:(2)(c)(i)(A) all persons on the service list; and(2)(c)(i)(B) any other person as may be required by the receivership court.(2)(c)(ii) Notice may be provided by first-class mail postage paid, electronic mail, or facsimile transmission, at the receiver’s discretion.(2)(c)(iii) For purposes of this section, notice is considered to be given on the day on which it is deposited with the United States Postmaster or transmitted, as applicable, to the last-known address as shown on the service list.(2)(d)(2)(d)(i) A party in interest objecting to the motion shall:(2)(d)(i)(A) file an objection specifying the grounds for the objection within:(2)(d)(i)(A)(I) 10 days of the day on which the notice of the filing of the motion is sent; or(2)(d)(i)(A)(II) such other time as the receivership court may specify; and(2)(d)(i)(B) serve copies on:(2)(d)(i)(B)(I) the receiver; and(2)(d)(i)(B)(II) any other person served with the motion within the time period described in this Subsection (2)(d)(i).(2)(d)(ii) In accordance with the Utah Rules of Civil Procedure, days may be added to the time for filing an objection if the notice of the motion is sent only by way of United States mail.(2)(d)(iii) An objecting party has the burden of showing why the receivership court should not authorize the proposed action.(2)(e)(2)(e)(i) If no objection to the motion is timely filed:(2)(e)(i)(A) the receivership court may:(2)(e)(i)(A)(I) enter an order approving the motion without a hearing; or(2)(e)(i)(A)(II) hold a hearing to determine if the receiver’s motion should be approved; and(2)(e)(i)(B) the receiver may request that the receivership court enter an order or hold a hearing on an expedited basis.(2)(e)(ii)(2)(e)(ii)(A) If an objection is timely filed, the receivership court may hold a hearing.(2)(e)(ii)(B) If the receivership court approves the motion and, upon a motion by the receiver, determines that the objection is frivolous or filed merely for delay or for other improper purpose, the receivership court may order the objecting party to pay the receiver’s reasonable costs and fees of defending against the objection. - Filing: when used as a noun, means an item required to be filed with the department including: