Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-117. Valuation of Liabilities |
R590-117-2. Purpose and Scope
Latest version.
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A. The purpose of this rule is to comply with the statutory requirement of Section 31A-17-402, to adopt a rule for the valuation of insurer liabilities. The values established under this rule shall be used to determine compliance with other financial requirements of the Insurance Code.
B. This rule shall apply to all persons transacting insurance under the Utah Insurance Code.