Public Hearing on Proposed Fees for Services Provided by the Utah Insurance Department During Fiscal Year 2008

The Utah Department of Insurance will hold a hearing on Thursday, January 11, 2007, at 10:00 a.m. in Room 3112 of the State Office Building (behind the State Capitol), Salt Lake City, Utah. The Utah Insurance Department is located in Room 3110 of the State Office Building.

The purpose of the hearing is to obtain public comment on proposed fees to be assessed for services provided and costs incurred by the Department during fiscal year 2008. Subsection 63-38-3.2(2)(b) of the Budgetary Procedures Act provides that an agency shall conduct a public hearing.

Background: Various divisions of the department assess fees for licensure, registration, or certification of individuals, agencies and companies to engage in the business of insurance. No fee increases are being requested, however, the department is requesting a change in its funding methodology. If approved, the department's funding would come from fee revenue rather than the General Fund. This change in funding may result in fee increases over time to provide sufficient funding to operate the department. The proposed fee schedule has been prepared for the 2007 General Session of the Utah Legislature. The fee schedule will be distributed at the January 11 hearing and can be found on the web at http://www.insurance.utah.gov/ruleindex.html.

Questions regarding the proposed changes can be addressed to: Assistant Commissioner John E. "Mickey" Braun, Jr. at [phone] or [e-mail].