Application For Certificate Of Authority (Motor Club)
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15UTAH INSURANCE DEPARTMENT
3110 State Office Building
Salt Lake City, UT 84114
801-538-3812
Foreign Motor Club Insurer Admission Application
This packet contains the information required to determine if an applicant meets the
statutory standards for issuance of a Certificate of Authority to perform an insurance
business within Utah. Information available from the NAIC will also be used in determining
the applicant’s compliance with Utah statutory standards.
Statutory standards for the issuance of a Certificate of Authority are (Utah Code Ann §
31A-11)
(1)
all specific requirements of Utah law have been met;
(2)
the applicant is sound, reliable, entitled to public confidence and can
reasonably be expected to perform its obligations continuously in the future
(3)
the applicant’s directors and officers, or its US manager, are sufficiently
trustworthy and competent to engage in the proposed insurance business
in Utah and to comply with Utah laws; and
(4)
the applicant has been in business long enough to demonstrate its
competence to engage in the proposed insurance business in Utah
Incomplete applications will be returned without action and the fees forfeited.
Applications with improper fees and/or lacking the information requested are
considered incomplete.
If the application is complete and no additional information is required, notice of approval
or disapproval should be mailed within ninety days after the date the application is
received. If the application is disapproved, a hearing may be requested.
Applicants whose financial condition does not meet the minimum standards required in
31A-11 will be disapproved.
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Parent category: Financial