Contributions to guaranty or insolvency fund prohibited.
Utah Code § 31A-37-305
in effect31A-37-305. Contributions to guaranty or insolvency fund prohibited.
(1) A captive insurance company may not join or contribute financially to any of the following in this state:
(a) a plan;
(b) a pool;
(c) an association;
(d) a guaranty fund; or
(e) an insolvency fund.
(2) A captive insurance company, the insured of a captive insurance company, the parent of a captive insurance company, an affiliate of a captive insurance company, or a member organization of an association captive insurance company may not receive a benefit from:
(a) a plan;
(b) a pool;
(c) an association;
(d) a guaranty fund for claims arising out of the operations of the captive insurance company; or
(e) an insolvency fund for claims arising out of the operations of the captive insurance company.
Amended by Chapter 168, 2017 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title31A/Chapter37/31A-37-S305.html?v=C31A-37-S305_2017050920170509Fetched: 10/26/2026