# Utah Code § 31A-17-202: Status of assets that are not "qualified assets."

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_202

## Section

- **Citation:** Utah Code § 31A-17-202
- **Heading:** Status of assets that are not "qualified assets."
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 31A / Chapter 31A-17 / § 31A-17-202

## Text

(1) (a) Except as provided in Subsection (1)(b), if an insurer owns assets that are not qualified assets under Section 31A-17-201, the assets shall be disregarded in determining and reporting the financial condition of the insurer. (b) An insurer may invest the insurer's funds in investments that are permitted under Section 31A-18-110 but in excess of the limits under Section 31A-18-111 or other assets that the commissioner approves and these assets may be recognized and reported in the financial condition of the insurer to the extent the insurer has excess surplus, as that term is defined under Section 31A-1-301. (2) Insurers bear the burden of establishing the extent to which they have excess surplus.

## Nearby sections

- [Utah Code § 31A-17-101 § 31A-17-101. Scope.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_101.md)
- [Utah Code § 31A-17-102 § 31A-17-102. Standards for accounting rules.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_102.md)
- [Utah Code § 31A-17-201 § 31A-17-201. Qualified assets.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_201.md)
- [Utah Code § 31A-17-202 § 31A-17-202. Status of assets that are not "qualified assets."](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_202.md)
- [Utah Code § 31A-17-203 § 31A-17-203. Encumbering of assets.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_203.md)
- [Utah Code § 31A-17-401 § 31A-17-401. Valuation of assets.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_401.md)
- [Utah Code § 31A-17-402 § 31A-17-402. Valuation of liabilities.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_402.md)
- [Utah Code § 31A-17-404 § 31A-17-404. Credit allowed a domestic ceding insurer against reserves for reinsurance.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_404.md)
- [Utah Code § 31A-17-404.1 § 31A-17-404.1. Asset or reduction from liability for reinsurance ceded by a domestic insurer to other assuming insurers.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_404.1.md)
- [Utah Code § 31A-17-404.3 § 31A-17-404.3. Rules.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_404.3.md)
- [Utah Code § 31A-17-404.4 § 31A-17-404.4. Transition -- Application to reinsurance agreement.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_404.4.md)
- [Utah Code § 31A-17-405 § 31A-17-405. Fraternal rates and reserves.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_405.md)
- [Utah Code § 31A-17-406 § 31A-17-406. Adjustment of reserves.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_406.md)
- [Utah Code § 31A-17-407 § 31A-17-407. Accounting for repurchased shares.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_407.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_17_202. Check the current official text before relying on it. Not legal advice.