Company Licensing

New applications

Domestic insurer

NAIC.org - Domestic Insurer

Foreign insurer

Foreign Insurer

Accredited reinsurer

Accredited Reinsurer

Certified reinsurers

If you want to become a certified reinsurer you will need to complete the application below. All completed applications must be emailed to company-renewals@utah.gov. Any applications not emailed will be rejected and sent back to the sender. When mailing the fee, please attach a hard copy of the application to the check. Applications will not be processed until payment is received.

Click here for a single .zip file of all the above forms.

NOTE: The Order Granting as Certified Reinsurer is granted for the period ending March 1 of the subsequent year, subject to annual renewal thereafter following the terms and conditions set forth in the Order. An invoice will be emailed to the reinsurer for renewal. It is the responsibility of the reinsurer to renew the application and submit the documents required by Utah Insurance code. Annual fee $500. E-commerce technology fee $50.

Rule R590-173 requires that the Insurance Department publish a list of certified insurers and their ratings. This list can be found below:

Trusteed reinsurer

Trusteed Reinsurer

Risk purchasing group

Risk Purchasing Group

Risk retention group

Risk Retention Group

Motor club

Motor Club

Biographical affidavit

Biographical Affidavit

NOTE: Effective March 1, 2016, the Utah Insurance Department will only accept electronic applications. Please contact Dava Neal at dneal@utah.gov with any questions. Thank you.

Fee statement for UCAA

Please review R590-102 Insurance Department Fee Payment Rule to find the department fees that apply to you.

Retaliatory Law:

The fees enumerated in this rule are not subject to retaliation in accordance with Section 31A-3-401 if higher fees are imposed by other states or countries.

Premium Tax – Utah Tax Commission

Phone: (801) 297-2200 or (800) 662-4335

Premium Tax Base:

59-9-101
Total Premiums reduced by returned premiums, premiums for reinsurance of property or risks located in Utah, dividends returned or applied to premiums. Ocean marine insurance premiums are not included, nor are workers’ compensation premiums, annuity considerations, or title insurance premiums. Domestic stock and mutual corporation, nonprofit health service corporations, HMOs, limited health plans, fraternal, motor clubs, employee welfare funds, and foreign inscribers are not subject to tax on health care insurance.

Tax Rate:

59-9-101
2.25%

31A-15-204
Risk Retention group taxed the same as a foreign admitted insurer.

Other Taxes and Assessments:

59-9-101 Title Insurers
The tax rate is 0.45% of total premiums received, including premiums for the assumption of risk and the charge for abstracting titles, title searching, etc.

59-9-101 Workers’ Compensation
Workers’ compensation insurers shall pay a premium assessment of between 1% and 8% of net written premiums before reductions for any deductible amount. The percentage applicable to any given year is determined by the Labor Commission. An additional assessment of up to 2% may be imposed on workers’ compensation premiums for employers’ reinsurance fund special assessment. The combined rate on 2000 workers’ compensation premiums is 10% for all agencies, except public agency insurance mutuals, which are taxed at 9.75%.

59-9-103 Insurers not otherwise taxed
Administrative and claims expenses, including all claims paid, agency expenses, third party administrator expenses, taxes, licenses, fees, legal expenses, reinsurance charges, etc. less reimbursements because of reinsurance or otherwise shall be the basis for a 2.25% tax.

59-9-105 Relative Value Study
Insurers providing motor vehicle liability insurance, uninsured motorist coverage and personal injury protection shall pay an additional tax of 0.01% of total premiums covering motor vehicle risks in the state minus returned premiums. Such funds are for the purpose of paying the costs of the insurance department study on relative value, which is defined at 31A-22-307.

31A-31-108 Insurance Fraud Assessment (effective May 1, 2024)
Each admitted and nonadmitted insurer may be assessed an annual fee as follows:

Fee Total Premium for Utah Risks
$225 $1 million or less
$525 More than $1 million but less than $2.5 million
$925 More than $2.5 million but less than $5 million
$1,850 More than $5 million but less than $10 million
$7,000 More than $10 million but less than $50 million
$17,250 $50 million or more

31A-28-208 Property and Casualty Guaranty Association
May assess member insurers no more than $300 per year for administrative expenses and no more than 2% of insurer’s premiums for the preceding calendar year for the kinds of insurance in account with deficiency.

31A-28-109 Life and Health Guaranty Association
May assess member insurers no more than $300 per year for administrative expenses and no more than 2% of insurer’s premiums over last 3 years for kinds of insurance in account with deficiency.

31A-3-102 Preemption
Taxes and fees under this chapter and premium taxes under Chapter 59-9 are in lieu of other taxes and assessments. An insurer that pays premium tax is not subject to corporate franchise taxes.

Exclusions and Deductions:

31A-9-601 Fraternal Benefit Societies
Fraternals are exempt from premium tax.

Crop Insurance
Premiums on federally reinsured multi-peril crop insurance are not subject to premium tax.

Credits:

59-9-102 Property Tax Offset
Insurers may offset from the premium tax due that portion of the property tax paid for general state purposes.

31A-2-205 Examination Fees
Domestic insurers may offset examination fees paid against their premium taxes.

31A-28-113 Life and Health Guaranty Association
Insurers may offset Class B assessments against their premium tax liability at the rate of 20% per year for each of the 5 years following the year the assessment was paid. Refunds of assessments are taxable.

31A-28-212 Property and Casualty Guaranty Association
Insurers may offset assessments paid against their premium tax liability at the rate of 20% per year for each of the 5 years following the year the assessment was paid. Refunds of assessments are taxable.

Payment Due Dates:

59-9-101
Return due March 31.

59-9-104
Installment payments due if last year’s liability was $10,000 or more. Each installment shall be based on estimated premiums received, or claims and administrative expenses paid, and is due April 30, July 31, October 31, and March 31. No penalty will be assessed if each installment is at least 27% of last year’s tax liability.

Penalties:

59-1-401 Penalties
The penalty for failure to file a tax return within the time prescribed by law including extensions is the greater of $20 or 10% of the unpaid tax due on the return. Failure to pay any tax within 90 days of the due date of the return, if there was a late filed return subject to the penalty provided under Subsection (1)(a). Penalty for underpayment due to negligence is 10% of the underpayment. If the underpayment is due to fraud with intent to evade the tax, the penalty is the greater of $500 per period or 100% of the underpayment. There are additional penalties for intent to evade the tax.

59-1-402 Interest
The rate of interest applicable to any tax provision is calculated based on the federal short-term rate determined by the Secretary of the Treasury.

Extensions:

59-7-514
An extension may be granted for the payment of a deficiency for a period not in excess of six months.

Changes to Certificates of Authority (COA)

If the name of an insurance company, its state of domicile, or additional lines of authority are to be added to the COA, please visit the NAIC website for Corporate Amendments and forms to be filed with the department.

Completed forms, along with any fees, should be mailed to:

Utah Insurance Department
Company Licensing Division
4315 S. 2700 W., Suite 2300
Taylorsville, UT 84129

To obtain a certified certificate of authority for your company, please fill out NAIC Form 15 and submit it to company-renewals@utah.gov. If further assistance is required, please contact Dava Neal at (801) 957-9252.

Utah requirements for demutualization of foreign insurers

Utah Code Annotated 31A-14-214 applies to corporate reorganizations of foreign insurers. 31A-5-212 provides the minimum capital requirements and 31A-4-105.5 provides the deposit requirements for foreign insurers.

Foreign insurers should provide the department with:

  • Cover letter outlining changes
  • Copy of order or approval documents from domicile state
  • Articles & By-laws
  • $50.00 filing fee

For further information, please contact Dava Neal at (801) 957-9252 or at dneal@utah.gov.

Utah requirement for merger of foreign insurance companies

If both merging companies are licensed in Utah, we require the company merging into the surviving company to send to the department:

  • a certified copy of the approved plan of merger from the domestic insurance department(s); and
  • the original Certificate of Authority. There is a Gold Seal in the lower left corner.

If the surviving company is not licensed in Utah, and they want to do business in Utah they will have to submit the UCAA Expansion Application to become licensed here.

If further assistance is required, please contact Dava Ann Neal at dneal@utah.gov or (801) 957-9252.

In addition, the Assumption Certificate will need to be filed for approval with the applicable fees to the Insurance Division that approves the policies. See the department’s Rate and Form Filing web page. Questions regarding this process may also be made to the policy divisions:

  • Life Insurance Companies – (801) 957-9290
  • Health Insurance Companies – (801) 957-9280
  • Property Companies – (801) 957-9305

Withdrawals

Please see the instructions and forms that must be submitted for any partial or complete withdrawal.

For further information, please contact Jay Sueoka at jsueoka@utah.gov.

Please submit completed forms via email to company-renewals@utah.gov.

Licensing fees

The Department sets its company licensing fees in accordance with Utah Code 63J-1-504.

Professional Employer Organization (PEO)

Authority to License

Utah Code 31A-40 — Professional Employer Organization Licensing Act
Rule R590-246 — Professional Employer Organization (PEO) License Application Rule

Utah law provides for three different types of licenses:

  • Professional Employer Organization Not Licensed Through An Assurance Organization: The PEO or at least one of the PEO’s clients has an office in Utah and an approved Independent National Organization does not certify the PEO.
  • Professional Employer Organization – Licensed through An Assurance Organization: The PEO or at least one of the PEO’s clients has an office in Utah.
  • Professional Employer Organization – Small Operation License: Neither the PEO or any of the PEO’s clients has an office in Utah, the PEO is not owned or controlled by a professional employer organization operating in Utah and the PEO does not have more than fifty employees employed or domiciled in Utah.

Professional Employer Organizations Licensed in Utah

Professional Employer Organization – Not Licensed Through An Assurance Organization:

Professional Employer Organization – Licensed Through An Assurance Organization:

Professional Employer Organization – Small Operation License:

Professional Employer Organization Group

  • Use the applicable application form listed above

Electronic Payment

  • You are expected to pay for your renewal electronically through the department’s secure payment portal. Before you begin the payment process by clicking the button below, you should have a copy of the current year’s invoice. From the invoice, you will need the invoice number that is located in the upper right corner and the Utah ID number that is located on the upper right side of the cover letter.
  • After you have entered the invoice and payor ID numbers, click on the submit button. At this time an address change form will appear. You will be asked to verify and make any changes to the addresses that the Utah Insurance Department has on file for the company. Once you have made the changes, click on the submit button. This will automatically update any changes to the addresses in our database.
  • At this point continue to follow the prompts to complete the payment process.
  • You must pay your renewal fees electronically through the department’s secure payment portal using either a credit card or an electronic check. You will need to have the necessary numbers and authorization before beginning the payment process. If using:
    • a credit card you will need the credit card number, name, statement billing address and expiration date; or
    • an electronic check you will need your checking account routing number and account number found at the bottom of the company check. Your bank may need the originating ID number 0000097488 to complete an e-check transaction.

Go to Electronic Payment

Send Applications to:

Utah Insurance Department
Company Licensing
4315 S. 2700 W., Suite 2300
Taylorsville, UT 84129

Questions should be directed to:

Regulated organizations

To obtain a list of regulated organizations and other miscellaneous groups:

  1. Go to the Department’s most recent Annual Report, which will be 1-2 years old; or
  2. Use our Licensee Search tool to look up individual licensees.
  3. A licensee of the Department may request a list of licensees on our List of Licensees page.

Lists are available for the following organizations:

  • Authorized Reinsurers
  • Domestic Insurance Companies
  • Health Discount Programs
  • Health Maintenance Organizations
  • Life Settlement Providers
  • Professional Employer Organizations (PEO)
  • Property & Casualty, Life, Health Cos
  • Risk Purchasing Groups
  • Risk Retention Groups
  • Service Contract Providers
  • Home Warranty Providers
  • Individual and Small Employer Group Insurers
  • Surplus Lines Companies