DAR File No.: 40346
Filed: 04/21/2016 04:25:58 PMNOTICE 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 gives the commissioner the authority to write rules to implement Title 31A of the Utah Code. Subsection 31A-2-202(2)(c) authorizes the commissioner to require financial reporting on forms provided by the National Association of Insurance Commissioners (NAIC). The purpose of the rule is to ensure that the commissioner's requirements for domestic, foreign, and alien insurer applications to obtain a certificate of authority in Utah shall be consistent with requirements of other states by using forms provided by the NAIC.
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 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:
It is important that the department specify that insurers use the NAIC certificate of authority application, provided by the NAIC, to ensure uniform information from all insurers that apply. By having the same certificate of insurance application, the Department makes it easier and less time consuming for insurers to apply for a certificate of insurance from more than one state at a time. 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 84114-1201Direct 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 sgooch@utah.gov
Effective:
04/21/2016
Authorized by:
Steve Gooch, Information Specialist
Document Information
- Effective Date:
- 4/21/2016
- Publication Date:
- 05/15/2016
- Type:
- Five-Year Notices of Review and Statements of Continuation
- Filed Date:
- 04/21/2016
- Agencies:
- Insurance, Administration
- Authorized By:
- Steve Gooch, Information Specialist
- DAR File No.:
- 40346
- Summary:
The Department has not received any written comments during the past five years.
- CodeNo:
- R590-208
- CodeName:
- {42225|R590-208|R590-208. Uniform Application for Certificates of Authority}
- Link Address:
- InsuranceAdministrationRoom 3110 STATE OFFICE BLDG450 N MAIN STSALT LAKE CITY, UT 84114-1201
- Link Way:
Steve Gooch, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at sgooch@utah.gov
- AdditionalInfo:
- More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at http://www.rules.utah.gov/publicat/bull-pdf/2016/b20160515.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
- Related Chapter/Rule NO.: (1)
- R590-208. Uniform Application for Certificates of Authority.