No. 29445: R590-123. Additions and Deletions of Designees by Organizations

DAR File No.: 29445
Filed: 01/27/2007, 07:26
Received by: NL

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:

Subsection 31A-2-201(3) provides general rulemaking authority authorizing the commissioner to write rules to enact the provisions of the insurance code. Subsection 31A-23-215(2), which is now Subsection 31A-23a-302(2) as a result of H.B. 374 (2003), authorizes the commissioner to write a rule setting the interval and form in which an agency is to report to the commissioner their new and terminated designees. The rule does this in Section R590-123-3. (DAR NOTE: H.B. 374 (2003) is found at Chapter 374, Laws of Utah 2003, and was effective 05/05/2003.)

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

No comments have been received regarding this rule in 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:

This rule needs to continue in force to set the frequency, form, and procedure for filing information about persons designated or terminated to work for insurance agencies. This information is important for when complaints are made about an agent the department can pinpoint who is involved and who may be responsible. This rule helps keep track of who is working with whom, makes it easier to discern who may be involved and where records of transactions may be found. It also helps create a paper trail.

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:

Jilene Whitby at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at [e-mail]

Authorized by:

Jilene Whitby, Information Specialist