DAR File No.: 35645
Filed: 01/10/2012 10:57:31 AMNOTICE 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 authorizes the commissioner to make rules to implement provisions of Title 31A. Subsection 31A-2-203(4) authorizes the commissioner to approve actuarial evaluations made by an actuary. The rule supports Subsection 31A-2-203(4) by defining standards that reports of examinations conducted by insurance departments of other states must meet to be acceptable to the commissioner. Standards were implemented as a result of the National Association of Insurance Commissioners' accreditation program.
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 regarding this rule in 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 supports Subsection 31A-2-203(4) by defining standards that reports of examinations conducted by insurance departments of other states must meet to be acceptable to the commissioner. Standards were implemented as a result of the National Association of Insurance Commissioners' accreditation program. 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:
- Jilene Whitby at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at jwhitby@utah.gov
Authorized by:
Jilene Whitby, Information Specialist
Effective:
01/10/2012
Document Information
- Effective Date:
- 1/10/2012
- Publication Date:
- 02/01/2012
- Filed Date:
- 01/10/2012
- Agencies:
- Insurance,Administration
- Authorized By:
- Jilene Whitby, Information Specialist
- DAR File No.:
- 35645
- Related Chapter/Rule NO.: (1)
- R590-150. Commissioner's Acceptance of Examination Reports.