{"data":{"id":"us-ut/utah-code-31a-8-217","jurisdiction":"us-ut","citation":"Utah Code § 31A-8-217","heading":"Material transactions by insurers which are part of holding company system.","body":"(1) This section applies to an insurer licensed under this chapter that is part of a holding company system, for purposes of:\n(a) the reporting requirements of Section 31A-16-105; and\n(b) the material transaction standards of Section 31A-16-106.\n(2) Unless otherwise provided by rule, a transaction is not material under Subsection 31A-16-105(4) if the transaction involves an amount:\n(a) of not more than:\n(i) 10% for each transaction; or\n(ii) 20% for cumulative transactions during any one calendar year; and\n(b) calculated:\n(i) on the basis of the organization's surplus requirement, determined in accordance with Section 31A-5-211; and\n(ii) as of December 31 of the year immediately preceding the transaction.","path":["Title 31A Insurance Code","Chapter 31A-8 Health Maintenance Organizations and Limited Health Plans","Part 31A-8-2 Domestic Organizations"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter8/31A-8-S217.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"043829d6495060e4c5c760cf08afdd50d6cf86e9b8eb50c9ac58122b2b2405dc","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-8-216","next":"us-ut/utah-code-31a-8-301"},"notice":"GroundRules: Original legal text. Not legal advice."}