{"data":{"id":"us-ut/utah-code-31a-37a-302","jurisdiction":"us-ut","citation":"Utah Code § 31A-37a-302","heading":"Minimum capital and surplus.","body":"(1) The commissioner may not issue a special purpose financial captive insurance company a certificate of authority under this chapter unless it possesses unimpaired paid-in capital and surplus of not less than $250,000 on the day on which the certificate of authority is issued.\n(2) A special purpose financial captive insurance company shall maintain unimpaired paid-in capital and surplus of not less than $250,000 at all times when having a certificate of authority under this chapter.","path":["Title 31A Insurance Code","Chapter 31A-37a Special Purpose Financial Captive Insurance Company Act","Part 31A-37a-3 Formation and Assets"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter37a/31A-37a-S302.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"726cf7654e729c8f7cf73b701f0e4d223cdf6f7af29aa682b5da85c321984bf0","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-37a-301","next":"us-ut/utah-code-31a-37a-303"},"notice":"GroundRules: Original legal text. Not legal advice."}