Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-114. Letters of Credit |
R590-114-1. Authority
Latest version.
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This rule is adopted pursuant to Section 31A-2-201(3), which authorizes rules to implement the Insurance Code, and Section 31A-17-404(3), which provides for a rule to determine the form of letters of credit used as security to protect a ceding insurer in a transaction of reinsurance.