No. 32959 (5-year Review): Rule R590-79. Life Insurance Disclosure Rule  

  • DAR File No.: 32959
    Filed: 09/10/2009 02:55:19 PM

    NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

    Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

    This rule gets its general rulemaking authority from Section 31A-2-201, which authorizes the commissioner to make rules to implement the provisions of Title 31A of the Utah Code.

    Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

    The department has received no written comments within the past five years regarding this rule.

    Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

    The rule requires disclosure of basic life policy features specified in Part 4 of Chapter 22 of Title 31A and specifies the format for disclosure. The disclosure informs and assists consumers in understanding the policy they purchase. Therefore, this rule should be continued.

    The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

    Insurance
    Administration
    450 N MAIN ST
    SALT LAKE CITY, UT 84114-1201

    Direct questions regarding this rule to:

    Effective:

    09/10/2009

    Authorized by:

    Jilene Whitby, Information Specialist


Document Information

Effective Date:
9/10/2009
Publication Date:
10/01/2009
Filed Date:
09/10/2009
Agencies:
Insurance,Administration
Authorized By:
Jilene Whitby, Information Specialist
DAR File No.:
32959
Related Chapter/Rule NO.: (1)
R590-79. Life Insurance Disclosure Rule.