Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-238 - Captive Insurance Companies
Section R590-238-7 - Notification of Adverse Financial Condition
Universal Citation: UT Admin Code R 590-238-7
Current through Bulletin 2024-06, March 15, 2024
(1) A company shall require an independent certified public accountant to immediately notify an officer and the board of directors, in writing, of any determination that the company has materially misstated its financial condition in its report to the commissioner.
(2) The company shall notify the commissioner of the adverse financial condition within five business days.
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