Effective 5/4/2022 63A-4-201. Risk Management Fund created — Administration — Use. (1) (a) There is created the Risk Management Fund, which shall be administered by the risk manager. (b) The fund shall cover property, liability, fidelity, and other risks as determined by the risk manager in consultation with the executive director. (2) The risk manager […]
Effective 5/5/2021 63A-4-202. Determination of insurance premiums — Information furnished by covered entities — Notice to covered entities. (1) Each covered entity shall provide the risk manager with all reasonable information necessary to compute insurance premiums whenever the risk manager requests that information. (2) (a) The risk manager shall charge to each entity that receives […]
63A-4-203. Refusal of agency to pay charges — Notice to the Division of Finance for collection. (1) If any agency of the state refuses to remit any payment as charged by the risk manager within 30 days after the date due, the risk manager may certify to the director of the Division of Finance the […]
Effective 5/5/2021 63A-4-204. School district participation in Risk Management Fund. (1) (a) For the purpose of this section, action by a public school district shall be taken upon resolution by a majority of the members of the school district’s board of education. (b) (i) Upon approval by the state risk manager and the board of […]
Effective 5/5/2021 63A-4-204.5. Charter school participation in Risk Management Fund. (1) A charter school established under the authority of Title 53G, Chapter 5, Charter Schools, may participate in the Risk Management Fund or any captive insurance company created by the risk manager upon the approval of the state risk manager and the governing body of […]
Effective 5/5/2021 63A-4-205.5. Risk management — Coverage of the Utah Communications Authority. The Utah Communications Authority established under authority of Title 63H, Chapter 7a, Utah Communications Authority Act, may participate in the Risk Management Fund or any captive insurance company created by the risk manager. Amended by Chapter 33, 2021 General Session
63A-4-206. Limits on use of risk management data as evidence. Notwithstanding any other provisions of law, any reports, recommendations, surveys, schedules, lists, or data compiled, or action taken or not taken by or at the request of the risk manager to identify, evaluate, or plan the safety enhancement or risk reduction of any potential accident […]
63A-4-207. Records of risk management. (1) A record provided to the Division of Risk Management by any governmental entity or political subdivision covered by the Risk Management Fund for the purpose of risk control or claims activities of the division shall be considered a record of the originating governmental entity or political subdivision for purposes […]
Effective 5/5/2021 63A-4-208. Investment of Risk Management Fund. (1) The state treasurer shall invest the assets of the Risk Management Fund created under Section 63A-4-201 with the primary goal of providing for the stability, income, and growth of the principal. (2) Nothing in this section requires a specific outcome in investing. (3) The state treasurer […]
