Utah Admin. Code 628-24-5

Current through Bulletin 2024-23, December 1, 2024

Section R628-24-5 - Requirements for Deposits

To be qualified for deposit under Section 53B-7-60 the FDI shall:

(1) be insured or otherwise have a similar protection if that country does not technically provide insurance;

(2) be rated "A" or better by one NRSRO; and

(3) be domiciled in a country in which the sovereign debt rating is "A" or better by the NRSRO.

Utah Admin. Code R628-24-5

Adopted by Utah State Bulletin Number 2024-13, effective 6/21/2024