File No. 34714
This notice was published in the May 15, 2011, issue (Vol. 2011, No. 10) of the Utah State Bulletin.
Uniform Application for Certificates of Authority
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 34714
Filed: 04/25/2011 02:28:57 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:
Section 31A-2-201 gives the commissioner the authority to write rules to implement Title 31A of the Utah Code. Subsection 31A-2-202(2)(c) authorizes the commissioner to require financial reporting on forms provided by the National Association of Insurance Commissioners (NAIC). The purpose of the rule is to ensure that the commissioner's requirements for domestic, foreign, and alien insurer applications to obtain a certificate of authority in Utah shall be consistent with requirements of other states by using forms provided by the NAIC.
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 since the rule was first put into effect in 2006.
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 the department specify that insurers use the NAIC certificate of authority application provided by the NAIC so as to ensure uniform information from all insurers that apply. Therefore, this rule should be continued. By having the same certificate of insurance application, the Department makes it easier and less time consuming for insurers to apply for a certificate of insurance from more than one state at a time.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:Insurance
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 email@example.com
Jilene Whitby, Information Specialist
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/2011/b20110515.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 application of this rule, please contact Jilene Whitby at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at firstname.lastname@example.org.