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The insurance specifications for Subsections 41-22-29(1)(a) and
(b) for an organization conducting "organized practices" or
"sanctioned races" shall be a continuously maintained policy fully
covering insurable responsibilities. This insurance policy shall be
obtained from a reliable insurance company that is authorized to do
business in Utah and is at all times A.M. Best Company rated "A" or
better with a financial size category of XII or larger. The policy
shall include Comprehensive General Liability Insurance, including
coverage for premises and operations, products, combined single limit
per occurrence, meeting the minimum insurance requirements set by the
Utah Division of Risk Management, which shall be designated as
applying only to the organization conducted under Subsections 41-22-29(1)(a) and (b) U.C.A. 1953. If this coverage is written on a
claims-made basis, the certificate of insurance shall so indicate.
The policy shall also contain an extended-reporting-period provision
or similar "tail" provision that keeps full insurance in force for
claims reported up to three (3) years after the organization ceases
activities covered by the policy. The insurance policy shall be
endorsed to add all persons providing services or who own lands
affected by the activities conducted.
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