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Home » 2015 Issues » Vol. 2015, No. 19 (10/01/2015) » No. 39754 (Amendment): Rule R590-260. Utah Defined Contribution Risk Adjuster Plan of Operation

  No. 39754 (Amendment): Rule R590-260. Utah Defined Contribution Risk Adjuster Plan of Operation  

  • (Amendment)

    DAR File No.: 39754
    Filed: 09/15/2015 04:20:20 PM

    RULE ANALYSIS

    Purpose of the rule or reason for the change:

    The change is meant to update the rule to reflect the current operations of the Risk Adjuster Board.

    Summary of the rule or change:

    The change specifies the date on which the commissioner adopted the Utah Defined Contribution Risk Adjuster Plan of Operation and eliminates the rule's enforcement date.

    State statutory or constitutional authorization for this rule:

    Anticipated cost or savings to:

    the state budget:

    There is no cost or savings to the state budget because the change merely updates the rule to reflect the current operations of the Risk Adjuster Board.

    local governments:

    There is no cost or savings to local government because the change merely updates the rule to reflect the current operations of the Risk Adjuster Board.

    small businesses:

    There is no cost or savings to small businesses because the change merely updates the rule to reflect the current operations of the Risk Adjuster Board.

    persons other than small businesses, businesses, or local governmental entities:

    There is no cost or savings to any other persons because the change merely updates the rule to reflect the current operations of the Risk Adjuster Board.

    Compliance costs for affected persons:

    There are no compliance costs for any affected persons. The change only updates the rule to reflect the current operations of the Risk Adjuster Board.

    Comments by the department head on the fiscal impact the rule may have on businesses:

    There will be no fiscal impact to any businesses or any other entities. The reason for the change is to update the rule to align with the current operations of the Risk Adjuster Board.

    Todd E. Kiser, Commissioner

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

    Insurance
    Administration
    Room 3110 STATE OFFICE BLDG
    450 N MAIN ST
    SALT LAKE CITY, UT 84114-1201

    Direct questions regarding this rule to:

    Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

    11/02/2015

    This rule may become effective on:

    11/09/2015

    Authorized by:

    Todd Kiser, Commissioner

    RULE TEXT

    R590. Insurance, Administration.

    R590-260. Utah Defined Contribution Risk Adjuster Plan of Operation.

    R590-260-1. Authority.

    This rule is promulgated by the insurance commissioner pursuant to Section 31A-42-204, wherein the commissioner shall adopt the Utah Defined Contribution Risk Adjuster Plan of Operation.

     

    R590-260-2. Purpose.

    The purpose of this rule is to adopt the Utah Defined Contribution Risk Adjuster Plan of Operation as required by Section 31A-42-204.

     

    R590-260-3. Plan of Operation.

    The commissioner adopts the Utah Defined Contribution Risk Adjuster Plan of Operation as of August 25, 2015, that is available at the department and on line at http://www.insurance.utah.gov/legalresources/currentrules.html.

     

    R590-260-4. [Enforcement Date.

    The commissioner will begin enforcing this rule 45 days from the rule's effective date.

     

    R590-260-5. ]Penalties.

    A person found, after a hearing or other regulatory process, to be in violation of this rule shall be subject to penalties as provided under Section 31A-2-308.

     

    R590-260-[6]5 . Severability.

    If any provision of this rule or its application to any person or situation is held to be invalid, that invalidity shall not affect any other provision or application of this rule which can be given effect without the invalid provision or application, and to this end the provisions of this rule are declared to be severable.

     

    KEY: risk adjuster plan operation

    Date of Enactment or Last Substantive Amendment: [March 22, 2011]2015

    Authorizing, and Implemented or Interpreted Law: 31A-42-204

     

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Document Information

Effective Date:
11/9/2015
Publication Date:
10/01/2015
Type:
Notices of Proposed Rules
Filed Date:
09/15/2015
Agencies:
Insurance, Administration
Rulemaking Authority:

Section 31A-42-204

Authorized By:
Todd Kiser, Commissioner
DAR File No.:
39754
Summary:

The change specifies the date on which the commissioner adopted the Utah Defined Contribution Risk Adjuster Plan of Operation and eliminates the rule's enforcement date.

CodeNo:
R590-260
CodeName:
{2728|R590-260|R590-260. Utah Defined Contribution Risk Adjuster Plan of Operation.}
Link Address:
InsuranceAdministrationRoom 3110 STATE OFFICE BLDG450 N MAIN STSALT LAKE CITY, UT 84114-1201
Link Way:

Steve Gooch, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at sgooch@utah.gov

AdditionalInfo:
More information about a Notice of Proposed Rule is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at http://www.rules.utah.gov/publicat/bull-pdf/2015/b20151001.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. Text to be deleted is struck through and surrounded by brackets ([example]). ...
Related Chapter/Rule NO.: (1)
R590-260. Utah Defined Contribution Risk Adjuster Plan of Operation.