No. 29820: R590-101. Appointment and Termination of Individuals Licensed as Agents, and Organizations Licensed as Agents by Insurers

DAR File No.: 29820
Filed: 04/16/2007, 10:22
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:

Section 31A-2-201 authorizes the commissioner to enact rules to implement Title 31A. The numbering, but not the text, of the following section was changed in 2003 in H.B. 374. The reference will be corrected in a nonsubstantive change after this filing is made. Subsection 31A-23-219(1) provides the commissioner with authority to establish by rule the form by which insurers report to the department appointments and the termination of these appointments. Section R590-101-4 sets the guidelines for the reporting of appointments and terminations by companies. (DAR NOTE: H.B. 374 (2003) is found at Chapter 298, 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 written comments regarding this rule were received by the department 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 should be continued in force because under Subsection 31A-23-219(1), the insurer is required to report all new appointments and terminations "at intervals and in the form the commissioner establishes by rule." This rule addresses the intervals and the form for reporting. It is important to keep the rule in force in order to help the department to identify who is or is not authorized to represent the insurers as this assists us in monitoring the industry to protect the public and to assist in the resolution of consumer complaints, and investigations of wrongdoing, etc.

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