PocketLaw | Utah Code | Management of Insurance Corporations

Management of Insurance Corporations

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Principal office and registered agent.

Definitions.

Shareholders' meetings.

Corruption in shareholders' meetings.

Communications to shareholders, policyholders, and voting members -- Commissioner's attendance at meetings.

Meetings of mutuals and mutual policyholders' and members' voting rights.

Board of directors.

Election and removal of directors and officers of stock corporations.

Selection and removal of directors and officers of mutuals.

Supervision of management changes.

Continuity of management in emergencies.

Committees of directors.

Interlocking directorates and other relationships.

Transactions in which directors and others are interested.

Officers', directors', and employees' liability and indemnification.

Compensation of director, officer, employee, person with investment authority, or others.

Exclusive management and exclusive agency contracts.

Dividends and other distributions.

Payment of dividends by mutual insurers.