No. 27709: R590-225-3. Documents Incorporated by Reference

DAR File No.: 27709
Filed: 04/21/2005, 11:57
Received by: NL

RULE ANALYSIS

Purpose of the rule or reason for the change:

This rule is being changed to update a date of a document incorporated by reference in the rule.

 

Summary of the rule or change:

The NAIC Uniform Property and Casualty Transmittal Document revision date is being changed from the year 2004 to 2005. (DAR NOTE: This change in proposed rule has been filed to make additional changes to a proposed amendment that was published in the March 1, 2005, issue of the Utah State Bulletin, on page 26. Underlining in the rule below indicates text that has been added since the publication of the proposed rule mentioned above; strike-out indicates text that has been deleted. You must view the change in proposed rule and the proposed amendment together to understand all of the changes that will be enforceable should the agency make this rule effective.)

 

State statutory or constitutional authorization for this rule:

Sections 31A-2-201, 31A-2-201.1, 31A-2-202, and 31A-19a-203

 

This rule or change incorporates by reference the following material:

NAIC Uniform Property and Casualty Transmittal Document (January 1, 2005)

 

Anticipated cost or savings to:

the state budget:

This will have no impact on the state's budget or on the work required of department personnel. No fees or filings will be required of department licensees as a result of this change and therefore no change to the state's budget.

 

local governments:

The changes to this rule will have no impact on local government since the rule only deals with the relationship of Utah licensed property and casualty insurers and the department.

 

other persons:

This change will have little if any fiscal impact on Utah licensed property and casualty insurers doing business in Utah. Insurers use the transmittal form to file their rate and form changes with the department. The only possible expense to the insured will be the cost to printing this form. This may not be an expense if the insurer sends its filings electronically. There should be no fiscal impact on consumers.

 

Compliance costs for affected persons:

This change will have little if any fiscal impact on Utah licensed property and casualty insurers doing business in Utah. Insurers use the transmittal form to file their rate and form changes with the department. The only possible expense to the insured will be the cost to printing this form. This may not be an expense if the insurer sends its filings electronically. There should be no fiscal impact on consumers.

 

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

There will be very little, if any, fiscal impact to Utah businesses. The only possible impact will be to property and casualty insurers doing business in Utah who print the new form. D. Kent Michie, 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:

06/14/2005

 

This rule may become effective on:

06/15/2005

 

Authorized by:

Jilene Whitby, Information Specialist

 

 

RULE TEXT

R590. Insurance, Administration.

R590-225. Submission of Property and Casualty Rate and Form Filings.

R590-225-3. Documents Incorporated by Reference.

(1) The department requires that the documents described in this rule shall 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 filing documents are hereby incorporated by reference and are available on the department's web site, http://www.insurance.utah.gov/RF-Flgs.html.

(a) "NAIC Uniform Property and Casualty Transmittal Document", dated January 1, [2004]2005;

(b) "NAIC Instruction Sheet for Property and Casualty Transmittal Document", dated January 1, 2003;

(c) "NAIC Uniform Property and Casualty Coding Matrix", dated January 1, 2005;

(d) "Utah Insurer Loss Cost Multiplier and Expense Constant Supplement Filing Forms", dated October 2003;

(e) "Utah Workers Compensation Insurer Loss Cost Multiplier Filing Form", dated October 2003.

 

KEY: property casualty insurance filing

[March 24, 2004]2005

31A-2-201

31A-2-201.1

31A-2-202

31A-19a-203