Section 102 – Administration and scope.

• (1) The commissioner is solely responsible for the administration and enforcement of the provisions of this chapter.

• (2) This chapter does not:
  • (a) prescribe or impose corporate governance standards or internal procedures beyond what is required under applicable state corporate law; or
  • (b) limit the commissioner’s authority, or the rights or obligations of third parties, under Chapter 2, Administration of the Insurance Laws.

• (3) The requirements of this chapter apply to each insurer domiciled in the state.

Enacted by Chapter 193, 2019 General Session