Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-222. Life Settlements |
R590-222-14. Filing of Forms
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(1) All forms to be used for a life settlement shall be filed with the commissioner prior to use. The department is not required to review each form and does not provide approval for a filing. The forms will be identified as "filed for use" when submitted to the department with all requirements. The forms to be filed include the life settlement, disclosure to the owner, notice of intent to settle, verification of coverage, and application.
(2) A form filing consists of:
(a) a cover letter on the licensee's letterhead that provides the following:
(i) a list of the forms being filed by title and any identification number given the document;
(ii) a description of the filing; and
(iii) an indication whether the form:
(A) is new; or
(B) replacing or modifying a previously filed form; if so, describe the changes being made, the reason, and the date previously filed; and
(b) a copy of each form to be filed.
(3) The form filing and any responses must be submitted via email to life.uid@utah.gov.
(4) If a filing has been rejected, the filing must be resubmitted as a new filing.
(5) If a Filing Objection Letter has been issued, the response must include:
(a) a new cover letter identifying the changes made; and
(b) one copy of the revised form.
(6) Companies may request the status of their filing by email, telephone, or mail after 30 days from the date of submission.