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Home » 2019 Issues » Vol. 2019, No. 7 (04/01/2019) » No. 43582 (5-year Review): Rule R590-228. Submission of Credit Life and Credit Accident and Health Insurance Form and Rate Filings

  No. 43582 (5-year Review): Rule R590-228. Submission of Credit Life and Credit Accident and Health Insurance Form and Rate Filings  

  • DAR File No.: 43582
    Filed: 03/14/2019 02:48:06 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 Insurance Commissioner to write rules to implement the provisions of the Insurance Code, Title 31A. Section 31A-2-201.1 authorizes the Insurance Commissioner to regulate the filing of rates, forms, and reports. Subsection 31A-2-202(2) authorizes the Insurance Commissioner to prescribe the forms to be used in filing reports. Section 31A-22-807 authorizes the Insurance Commissioner to set loss ratio standards and tests to make sure the benefits provided are reasonable in relation to the premiums paid for the coverage.

    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 Insurance Department (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:

    It is important that this rule remain in force to allow the Department to provide uniformity among companies selling credit life, and credit accident and health products in Utah. This rule allows for uniformity in how a company filing is made, and the information and documents to be included, which allows for a uniform review of these rates and 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:

    Effective:

    03/14/2019

    Authorized by:

    Steve Gooch, Information Specialist

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Document Information

Effective Date:
3/14/2019
Publication Date:
04/01/2019
Type:
Five-Year Notices of Review and Statements of Continuation
Filed Date:
03/14/2019
Agencies:
Insurance, Administration
Authorized By:
Steve Gooch, Information Specialist
DAR File No.:
43582
Summary:

The Insurance Department (Department) has received no written comments regarding this rule during the past five years.

CodeNo:
R590-228
CodeName:
{32133|R590-228|R590-228. Submission of Credit Life and Credit Accident and Health Insurance Form and Rate Filings}
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 https://rules.utah.gov/publicat/bull_pdf/2019/b20190401.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)
R590-228. Submission of Credit Life and Credit Accident and Health Insurance Form and Rate Filings.