DAR File No. 37838
This rule was published in the August 1, 2013, issue (Vol. 2013, No. 15) of the Utah State Bulletin.
Incorporation by Reference
Notice of Proposed Rule
DAR File No.: 37838
Filed: 07/11/2013 02:53:58 PM
Purpose of the rule or reason for the change:
This rule is being changed to update an appendix that is incorporated by reference.
Summary of the rule or change:
This rule is being changed to update the date of Appendix E that is incorporated by reference. The appendix is being changed to: include a new subsection to list existing Utah life settlement contracts as of prior year end; to clarify that the renewal application is to be submitted with the renewal fee; and to clarify that the due date of the renewal is March 1 each year, as noted in the code.
State statutory or constitutional authorization for this rule:
- Section 31A-36-119
- Subsection 31A-2-201(3)
Anticipated cost or savings to:
the state budget:
The change to the rule and appendix are technical and will have no fiscal impact on the department or the state.
This rule has no impact on local governments since it deals solely with the relationship of the department with its licensees.
The changes to the rule and Appendix E are technical and for clarification purposes only and will have no fiscal impact on small businesses.
persons other than small businesses, businesses, or local governmental entities:
The changes to the rule and Appendix E are technical and for clarification purposes only and will have no fiscal impact on individuals and large businesses.
Compliance costs for affected persons:
The changes to the rule and Appendix E are technical and for clarification purposes only and will have no fiscal impact on individuals, small or large businesses and their consumers.
Comments by the department head on the fiscal impact the rule may have on businesses:
This rule will have no fiscal impact on the Utah insurance industry or any other associated businesses.
Todd E. Kiser, Commissioner
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:Insurance
Room 3110 STATE OFFICE BLDG
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 firstname.lastname@example.org
Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:
This rule may become effective on:
Todd Kiser, Commissioner
R590. Insurance, Administration.
R590-222. Life Settlements.
R590-222-3. Incorporation by Reference.
The following appendices are hereby incorporated by reference within this rule and are available at www.insurance.utah.gov/legalresources/currentrules.html:
(1) Appendix A, Utah Life Settlement Provider Initial Application, dated 2009.
(2) Appendix B, Utah Life Settlement Provider Annual Report, dated 2009.
(3) Appendix C, NAIC Life Settlement brochure Selling Your Life Insurance Policy, dated 2004.
(4) Appendix D, NAIC Verification of Coverage for Life Insurance Policies, dated 2004.
(5) Appendix E, Utah Life Settlement
Provider Renewal Application, dated [
KEY: insurance, life settlement
Date of Enactment or Last Substantive Amendment: [
December 20, 2010]
Notice of Continuation: May 7, 2013
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-36-119
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/2013/b20130801.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.
Text to be deleted is struck through and surrounded by brackets (e.g., [
example]). Text to be added is underlined (e.g., ). Older browsers may not depict some or any of these attributes on the screen or when the document is printed.
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 email@example.com.