ABOUT UTAH CAPTIVE ASSOCIATION UCA-UT
The Utah Association is a
not-for-profit Association. The Association seeks to promote all alternative
market mechanisms and services both in the United States and internationally and
to increase the visibility of Utah as a center and domicile for alternative risk
financing entities, activities and facilities.
The objective of the Association
is to provide information and education to Association members and others
interested in the concept of alternative risk financing for existing risks not
adequately served by the Commercial Insurance Industry.
The provisions of the Utah Insurance Code, and understanding the authority granted under the Utah Captive Law, it is clear that the regulation of Captive’s in Utah will permit the organization and operation of Captive Entities and Alternative Risk Transfer options, WILL provide a business-like common sense approach to any and all parties requesting approval of a formal facility to manage the risks of Business Owners, individually or as a Group. The flexibility and responsiveness of the UTAH Captive regulators will be friendly and responsive after reasonable and professional considerations.