Utah Code 31A-28-115. Examination of the association — Annual report
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(1) The association shall be subject to examination and regulation by the commissioner.
Terms Used In Utah Code 31A-28-115
- Association: means the Utah Life and Health Insurance Guaranty Association continued under Section 31A-28-106. See Utah Code 31A-28-105
- Board of directors: means the board of directors established under Section 31A-28-107. See Utah Code 31A-28-105
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
- Member: means a person having membership rights in an insurance corporation. See Utah Code 31A-1-301
- Member insurer: includes an insurer whose license or certificate of authority in this state may have been:
(14)(b)(i) suspended;(14)(b)(ii) revoked;(14)(b)(iii) not renewed; or(14)(b)(iv) voluntarily withdrawn. See Utah Code 31A-28-105(2) The board of directors shall submit to the commissioner each year, not later than 120 days after the association’s fiscal year:(2)(a) a financial report in a form approved by the commissioner; and(2)(b) a report of its activities during the preceding fiscal year.(3) At the request of a member insurer, the association shall provide the member insurer with a copy of a report submitted under Subsection (2).