GroundRules
Utah Code § 31A-22-1305: Persons authorized to issue annuities.
Where this section sits in the code
- Title 31A Insurance Code
- Chapter 31A-22 Contracts in Specific Lines
- Part 31A-22-13 Miscellaneous Provisions
No person may issue an annuity to another person unless the issuer is:
(1) an insurer authorized to issue annuities under Chapter 5, Domestic Stock and Mutual Insurance Corporations, Chapter 9, Insurance Fraternals, or Chapter 14, Foreign Insurers;
(2) a domestic corporation created under Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, or other applicable law, or a foreign corporation conducted without profit, which is engaged solely in bona fide charitable, religious, missionary, educational, medical, or philanthropic activities; or
(3) a natural person who issues an annuity to the person's spouse, children, grandchildren, great-grandchildren, parents, grandparents, uncles, aunts, brothers, sisters, nieces, or nephews, whether those relationships are by birth, marriage, or legal adoption.
Collected 2026-09-03T11:34:33Z. Source file · JSON