{"data":{"id":"us-ut/utah-code-31a-18-110","jurisdiction":"us-ut","citation":"Utah Code § 31A-18-110","heading":"Authorized classes of investments.","body":"An insurer may count the following classes of investments for the purposes stated in Section 31A-18-109, whether the insurer makes these investments directly or as a participant in a partnership, joint venture, or limited liability company:\n(1) cash in the direct possession of the insurer or on deposit with a financial institution regulated by a federal or state agency;\n(2) a bond, debt-like preferred stock, and other evidence of indebtedness to:\n(a) a government unit in the United States or Canada;\n(b) an instrumentality of a government unit in the United States or Canada; or\n(c) a private business entity domiciled in the United States or Canada, including asset-backed securities and mutual funds listed by the Securities Valuation Office of the NAIC;\n(3) a loan secured by:\n(a) a mortgage, trust deed, or other security interest in real property located in the United States or Canada; or\n(b) insurance against default issued by:\n(i) a government insurance corporation of the United States or Canada; or\n(ii) an insurer authorized to do business in this state;\n(4)\n(a) common stock, equity-like preferred stock, or equity interests in any United States or Canadian business entity; or\n(b) a share of mutual funds registered with the Securities and Exchange Commission of the United States under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq., other than any mutual fund listed by the Securities Valuation Office of the NAIC;\n(5) real property necessary for the convenient transaction of the insurer's business;\n(6) real property, including the fixtures, furniture, furnishings, and equipment pertaining to the real property that:\n(a) is located in the United States or Canada; and\n(b) produces, or after suitable improvement can reasonably be expected to produce substantial income;\n(7) a loan, security, or other investment described in Subsections (1) through (6) in a country other than the United States or Canada;\n(8) a bond or other evidence of indebtedness to an international development organization of which the United States is a member;\n(9) a loan upon the security of the insurer's own policies:\n(a) in an amount that is adequately secured by the policies; and\n(b) that does not exceed the surrender values of the policies;\n(10) tangible personal property under contract of sale or lease with a contractual payment that may be reasonably expected to return the principal of, and provide earnings on, the investments within the tangible personal property's anticipated useful life;\n(11) a loan secured by a pledged security or evidence of debt eligible for investment under this section;\n(12) other investments the commissioner authorizes by rule; and\n(13) for an investment not otherwise permitted by this section, and not specifically prohibited by statute, the lesser of:\n(a) excess surplus as that term is defined in Section 31A-1-301; or\n(b) 5% of the first $500,000,000 of the insurer's admitted assets plus 10% of the insurer's admitted assets exceeding $500,000,000.","path":["Title 31A Insurance Code","Chapter 31A-18 Investments","Part 31A-18-1 Investments"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter18/31A-18-S110.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"beb9757ffc221aa18ffe8d1bc6a7f573dc225024e204190a56fbaf3a165e07d8","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-18-109","next":"us-ut/utah-code-31a-18-111"},"notice":"GroundRules: Original legal text. Not legal advice."}