Insurance, Administration

Rule R590-85

Individual Accident and Health Insurance and Individual and Group Medicare Supplement Rates

Five-Year Notice of Review and Statement of Continuation

DAR File No.: 36034
Filed: 04/05/2012 02:59:02 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:

Subsections 31A-22-605(4)(e) and 31A-22-620(3)(e) establish minimum loss ratios and implement procedures for the filing of all individual accident and health insurance and all Medicare supplement premium rates, including the initial filing of rates, and any subsequent rate changes. This rule is promulgated pursuant to the authority vested in the commissioner by Subsection 31A-2-201(3)(a) to write rules to implement the provisions of Title 31A and Section 31A-2-201.1 to write rules to provide specific requirements for the filing of rates.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received by the department 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 provides standards for rating certain policies. The rule allows insurers to request increases as necessary to maintain a viable block of businesses and to protect consumers against unfair pricing of policies. 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:

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 jwhitby@utah.gov

Authorized by:

Jilene Whitby, Information Specialist

Effective:

04/05/2012