No. 29823: R590-120. Surety Bond Forms

DAR File No.: 29823
Filed: 04/16/2007, 02:05
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) authorizes the commissioner to write rules to implement Title 31A. Subsection 31A-21-101(5) authorizes rules exempting classes of insurance contracts from any or all provisions of Chapter 21, Insurance Contracts in General. Section R590-120-3 of the rule specifies those exemptions from specific sections of Title 31A, Chapter 21.

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 received no written comments in the past five years regarding this rule.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

This rule provides uniformity in bail bond forms. Prior to the rule, bailees did not understand their responsibilities nor how their collateral would be handled. Because of this rule, bailees are informed with similar language of their responsibilities and how their collateral will be handled. 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:

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