GroundRules
Utah Code § 31A-23a-502: Controlled business, except as to title insurance.
Where this section sits in the code
- Title 31A Insurance Code
- Chapter 31A-23a Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries
- Part 31A-23a-5 Compensation of Producers and Consultants
(1) As used in this section, "controlled business" means insurance procured by:
(a) an insurance producer who is a natural person upon the life, person, or property of himself, his relative within the second degree by blood or marriage, his employer, employees, or organization; or
(b) an insurance producer that is an organization upon its own property or upon the life, person, or property of its partners, shareholders, directors, or employees, or their relatives within the second degree by blood or marriage.
(2) No producer may receive any compensation from an insurer for effecting insurance upon controlled business unless during the preceding 12 months the producer had effected other insurance with aggregate premiums exceeding the premiums on the controlled business.
(3) This section does not apply to title insurance.
Collected 2026-09-03T11:34:33Z. Source file · JSON