No. 27716 (Amendment): R590-226-3. Documents Incorporated by Reference

DAR File No.: 27716
Filed: 02/18/2005, 11:13
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:

The edition dates of two documents in Section R590-226-3 need to be updated to show the new revision date of 2005.

 

State statutory or constitutional authorization for this rule:

Sections 31A-2-201 and 31A-2-202

 

This rule or change incorporates by reference the following material:

The NAIC Life, Accident and Health, Annuity, Credit Transmittal Document, January 1, 2005, edition; and the NAIC Uniform Life, Accident and Health, Annuity and Credit Coding Matrix, January 1, 2005, edition

 

Anticipated cost or savings to:

the state budget:

This change will have no impact on the state budget nor on the work of the Insurance Department. No additional filing fees will be received by the department and no increase or decrease in the workload will be created.

 

local governments:

The changes to this rule will have no impact on local government since the rule only deals with the relationship between life insurers licensed to do business in Utah and the Utah insurance Department.

 

other persons:

This change will have no fiscal impact on life insurers doing business in Utah. They have already had input on the changes made to the two forms and are already using the forms. The new forms are downloaded by insurers from the National Association of Insurance Commissioners (NAIC) website so they don't have to re-create the forms themselves. These forms are used to file a company's rates and forms with the state insurance department and have no impact on an insured's coverage. As a result, there will be no financial impact on the consumer.

 

Compliance costs for affected persons:

This change will have no fiscal impact on life insurers doing business in Utah. They have already had input on the changes made to the two forms and are already using the forms. The new forms are downloaded by insurers from the NAIC website so they don't have to re-create the forms themselves. These forms are used to file a company's rates and forms with the state insurance department and have no impact on an insured's coverage. As a result, there will be no financial impact on the consumer.

 

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

These changes will have no fiscal impact on Utah businesses. D. Kent Michie, Insurance 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:

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:

04/14/2005

 

This rule may become effective on:

04/15/2005

 

Authorized by:

Jilene Whitby, Information Specialist

 

 

RULE TEXT

R590. Insurance, Administration.

R590-226. Submission of Life Insurance Filings.

R590-226-3. Documents Incorporated by Reference.

(1) The department requires that the documents described in this rule must 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 documents are hereby incorporated by reference and are available on the department's website, www.insurance.utah.gov.

(a) "NAIC Life, Accident and Health, Annuity, Credit Transmittal Document," dated January 1, [2003]2005.

(b) "NAIC Uniform Life, Accident and Health, Annuity and Credit Coding Matrix," dated January 1, [2003]2005.

(c) "NAIC Instruction Sheet for Life, Accident and Health, Annuity, Credit Transmittal Document," dated January 1, 2003.

(d) "NAIC Instruction Sheet for Life, Accident and Health, Annuity, Credit Transmittal Document Form Filing Attachment," dated January 1, 2003.

(e) "Utah Life Filing Certification," dated January 1, 2004.

(f) "Utah Life, Annuity, Credit Life, and Credit Accident and Health Group Questionnaire," dated January 1, 2004.

(g) "Utah Life, Annuity, Credit Life, and Credit Accident and Health Request for Discretionary Group Authorization," dated January 1, 2004.

(h) "Utah Annual Life Insurance Illustration Certification Filing Checklist," dated January 1, 2004.

 

KEY: life insurance filings

[April 8, 2004]2005

31A-2-201

31A-2-201.1

31A-2-202