No. 27447: R590-79. Life Insurance Disclosure Rule

DAR File No.: 27447
Filed: 09/27/2004, 09:07
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:

This rule gets its general rulemaking authority from Subsection 31A-2-201, which authorizes the commissioner to make rules to implement the provisions of Title 31A 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 within 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:

The rule requires disclosure of basic life policy features specified in Part 4 of Chapter 22 of the Insurance Code and specifies the format for disclosure. The disclosure informs and assists consumers in understanding the policy they purchase; and 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