No. 27709 (Amendment): R590-225-3. Documents Incorporated by Reference

DAR File No.: 27709
Filed: 02/15/2005, 05:09
Received by: NL

 

RULE ANALYSIS

Purpose of the rule or reason for the change:

This rule is being changed to update the dates of documents incorporated by reference in the rule.

 

Summary of the rule or change:

Edition dates of two documents in Section R590-225-3 are being changed.

 

State statutory or constitutional authorization for this rule:

Sections 31A-2-201, 31A-2-201.1, 31A-2-202, and 31A-19a-203

 

This rule or change incorporates by reference the following material:

The NAIC Uniform Property and Casualty Transmittal Document, dated January 1, 2004; and the NAIC Uniform Property and Casualty Coding Matrix, dated January 1, 2005

 

Anticipated cost or savings to:

the state budget:

This change will have no impact on the state's budget nor on the work of the Insurance Department.

 

local governments:

The changes to this rule will have no impact on local government since the rule only deals with the relationship of property and casualty insurers licensed to do business in Utah and the Utah Insurance Department.

 

other persons:

This change will have very little fiscal impact on property and casualty insurers doing business in Utah and throughout the United States. Two forms used by the insurers in filing their new rates and forms with states have changed. Information requested on the forms has changed slightly. The affected insurers are already aware of these changes and are using the new forms. The newly formated forms are provided to the insurers and the only cost to insurers is the printing cost.

 

Compliance costs for affected persons:

This change will have very little fiscal impact on property and casualty insurers doing business in Utah and throughout the United States. Two forms used by the insurers in filing their new rates and forms with states have changed. Information requested on the forms has changed slightly. The affected insurers are already aware of these changes and are using the new forms. The newly formated forms are provided to the insurers and the only cost to insurers is the printing cost.

 

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

The changes to this rule will have very little fiscal impact on property and casualty insurers doing business in Utah. All of these insurers had an opportunity to provide their suggestions and input when these changes were made by the National Association of Insurance Commissioners (NAIC).

 

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]

 

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:

03/31/2005

 

This rule may become effective on:

04/01/2005

 

Authorized by:

Jilene Whitby, Information Specialist

 

 

RULE TEXT

R590. Insurance, Administration.

R590-225. Submission of Property and Casualty Rate and Form Filings.

R590-225-3. Documents Incorporated by Reference.

(1) The department requires that the documents described in this rule shall be used for all filings. Actual copies may be used or you may adapt them to your word processing system. If adapted, the content, size, font, and format must be similar.

(2) The following filing documents are hereby incorporated by reference and are available on the department's web site, http://www.insurance.utah.gov/RF-Flgs.html.

(a) "NAIC Uniform Property and Casualty Transmittal Document", dated January 1, [2003]2004;

(b) "NAIC Instruction Sheet for Property and Casualty Transmittal Document", dated January 1, 2003;

(c) "NAIC Uniform Property and Casualty Coding Matrix", dated [December 20, 2001]January 1, 2005;

(d) "Utah Insurer Loss Cost Multiplier and Expense Constant Supplement Filing Forms", dated October 2003;

(e) "Utah Workers Compensation Insurer Loss Cost Multiplier Filing Form", dated October 2003.

 

KEY: property casualty insurance filing

[March 24, 2004]2005

31A-2-201

31A-2-201.1

31A-2-202

31A-19a-203