Full text of legislative history behind the Insurers Rehabilitation and Liquidation Model Act.
Utah Insurers Rehabilitation and Liquidation Model Act Legislative History
State:
Multi-State
Control #:
US-AF02
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PDF
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FAQ
Liability coverage is legally required in Utah to pay for bodily injuries and property damage you cause in an at-fault collision.
A person having a contract or arrangement giving control is considered to have control despite the illegality or invalidity of the contract or arrangement.
No insurer may insure or attempt to insure against: (1) a wager or gaming risk; (2) loss of an election; (3) the penal consequences of a crime; or (4) punitive damages.
Timely payment of claims. Unless otherwise provided by law, an insurer shall timely pay every valid insurance claim made by an insured.
Unfair claim settlement practices. The commissioner may define by rule, acts or general business practices which are unfair claim settlement practices, after a finding that those practices are misleading, deceptive, unfairly discriminatory, overreaching, or an unreasonable restraint on competition.
