No. 39175 (5-year Review): Rule R590-256. Health Benefit Plan Internet Portal Solvency Rating

DAR File No.: 39175
Filed: 03/10/2015 10:25:17 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:

Subsection 31A-2-201(1) authorizes the commissioner to make rules to implement the provisions of Title 31A. Subsection 31A-22-635(7) requires the Insurance Department to establish a methodology establishing a calendar year solvency rating to be posted on the internet portal.

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 not received any written comments 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 allows the health plan internet portal to give a warning to consumers if a participating insurer has solvency concerns. Therefore, this rule should be continued.

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:

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

Effective:

03/10/2015

Authorized by:

Todd Kiser, Commissioner

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