No. 41437 (5-year Review): Rule R590-120. Surety Bond Forms

DAR File No.: 41437
Filed: 04/04/2017 12:58:26 PM

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, the Utah Insurance Code. Subsection 31A-21-101(5) authorizes rules that exempt classes of insurance contracts from any or all provisions of Title 31A, Chapter 21, of the Utah Code.

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 regarding this rule during 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 exempts surety insurers from filing forms. Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Office 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:

04/04/2017

Authorized by:

Steve Gooch, Information Specialist

---