{"data":{"id":"us-ut/utah-code-31a-15-209","jurisdiction":"us-ut","citation":"Utah Code § 31A-15-209","heading":"Restrictions on purchasing groups.","body":"(1) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed producer acting pursuant to the surplus lines laws and regulations of the state in which the purchasing group is located.\n(2) A purchasing group that obtains liability insurance from an insurer not admitted in this state or a risk retention group shall inform each of the members of the purchasing group or risk retention group that have a risk resident or located in this state that:\n(a) the risk is not protected by an insurance insolvency guaranty fund in this state; and\n(b) the risk retention group or insurer may not be subject to all insurance laws and regulations of this state.\n(3)\n(a) A purchasing group may not purchase insurance providing for a deductible or self-insured retention applicable to the group as a whole.\n(b) Notwithstanding Subsection (3)(a), coverage may provide for a deductible or self-insured retention applicable to individual members.\n(4) Purchases of insurance by purchasing groups are subject to the same standards regarding aggregate limits which are applicable to all purchases of group insurance.","path":["Title 31A Insurance Code","Chapter 31A-15 Unauthorized Insurers, Surplus Lines, and Risk Retention Groups","Part 31A-15-2 Risk Retention Groups Act"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter15/31A-15-S209.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"995348ab0d9113a6927214cbce2052d8976a96bdfc60f7febf8afac31f2f0d69","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-15-208","next":"us-ut/utah-code-31a-15-210"},"notice":"GroundRules: Original legal text. Not legal advice."}