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Form a Business

Minimum capital and surplus.

Utah Code § 31A-37a-302
in effect
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31A-37a-302. Minimum capital and surplus. (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. Enacted by Chapter 302, 2008 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title31A/Chapter37A/31A-37a-S302.html?v=C31A-37a-S302_1800010118000101Fetched: 10/26/2026

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