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Home » 2017 Issues » Vol. 2017, No. 3 (02/01/2017) » No. 41140 (5-year Review): Rule R590-150. Commissioner's Acceptance of Examination Reports

  No. 41140 (5-year Review): Rule R590-150. Commissioner's Acceptance of Examination Reports  

  • DAR File No.: 41140
    Filed: 01/09/2017 11:29:48 AM

    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:

    Section 31A-2-201 authorizes the commissioner to make rules to implement the provisions of the Utah Insurance Code, Title 31A. Subsection 31A-2-203(4) authorizes the commissioner to approve actuarial evaluations made by an actuary. The rule supports Subsection 31A-2-203(4) by defining standards that must be met in reports of examinations conducted by insurance departments of other states in order to be acceptable to the commissioner. Standards were implemented as a result of the National Association of Insurance Commissioners' (NAIC) accreditation program.

    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 regarding this rule during the past five years.

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

    The rule supports Subsection 31A-2-203(4) by defining standards that must be met in reports of examinations conducted by insurance departments of other states in order to be acceptable to the commissioner. Standards were implemented as a result of the NAIC accreditation program. Therefore, this rule should be continued.

    The full text of this rule may be inspected, during regular business hours, at the Office 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:

    Effective:

    01/09/2017

    Authorized by:

    Steve Gooch, Information Specialist

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Document Information

Effective Date:
1/9/2017
Publication Date:
02/01/2017
Type:
Five-Year Notices of Review and Statements of Continuation
Filed Date:
01/09/2017
Agencies:
Insurance, Administration
Authorized By:
Steve Gooch, Information Specialist
DAR File No.:
41140
Summary:

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

CodeNo:
R590-150
CodeName:
{45454|R590-150|R590-150. Commissioner's Acceptance of Examination Reports}
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 Five-Year Notice of Review and Statement of Continuation 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/2017/b20170201.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. For questions regarding the content or ...
Related Chapter/Rule NO.: (1)
R590-150. Commissioner's Acceptance of Examination Reports.