Utah § 53-7-204.2 - Fire Prevention Support Account -- Funding.

Full text of Utah Utah Code § 53-7-204.2 — Fire Prevention Support Account -- Funding., with citation guidance and answers to common questions.

§ 53-7-204.2. Fire Prevention Support Account -- Funding.

Effective 5/12/2020
53-7-204.2.  Fire Prevention Support Account -- Funding.
(1) As used in this section:
(a) "Account" means the Fire Prevention Support Account created in Subsection (2).
(b) "Property insurance premium" means premium paid as consideration for property insurance as defined in Section 31A-1-301.
(2)
(a) To provide a funding source for the general operation of the division, there is created in the General Fund a restricted account known as the Fire Prevention Support Account.
(b) The following revenue shall be deposited in the account to implement this section:
(i) the percentage specified in Subsection (3) of the annual tax for each year that is levied, assessed, and collected under Title 59, Chapter 9, Taxation of Admitted Insurers, upon property insurance premiums and as applied to fire and allied lines insurance collected by insurance companies within the state;
(ii) the percentage specified in Subsection (4) of all money assessed and collected upon life insurance premiums within the state;
(iii) appropriations made by the Legislature; and
(iv) money collected from civil penalties in accordance with Section 53-7-504.
(3) The percentage of the tax specified in Subsection (2)(b)(i) to be deposited in the account each fiscal year is 25%.
(4) The percentage of the money specified in Subsection (2)(b)(ii) to be deposited in the account each fiscal year is 5%.


Amended by Chapter 403, 2020 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 53-7-204.2

What does Utah Code § 53-7-204.2 cover?

Section 53-7-204.2 ("Fire Prevention Support Account -- Funding.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 53-7-204.2?

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Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

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