DAR File No. 40156
This rule was published in the February 15, 2016, issue (Vol. 2016, No. 4) of the Utah State Bulletin.
Submission of Life Insurance Filings
Notice of Proposed Rule
DAR File No.: 40156
Filed: 01/28/2016 03:13:36 PM
Purpose of the rule or reason for the change:
The reason for the rule change is to remove an outdated section (R590-226-13) and to clarify language to bring another section (R590-226-11) into line with similar sections in Rules R590-220, R590-227, and R590-228. (DAR NOTE: The proposed amendment to Section R590-22-16 is under DAR No. 40155, the proposed amendment to Rule R590-227 is under DAR No. 40157, and the proposed amendment to Section R590-228-9 is under DAR No. 40158 in this issue, February 15, 2016, of the Bulletin.)
Summary of the rule or change:
The change removes Section R590-226-13, "Correspondence and Status Checks", which has been determined to be outdated. It also makes grammatical and clarifying changes to Section R590-226-11, "Classification of Documents", which relates to procedures for classifying certain documents as protected during the filing process.
State statutory or constitutional authorization for this rule:
- Section 31A-2-201.1
- Subsection 31A-2-201(3)
- Subsection 31A-2-202(2)
Anticipated cost or savings to:
the state budget:
There is no anticipated cost or savings to state budget. The change merely removes an outdated section and makes grammatical and clarifying changes to bring the section into line with similar sections in Title R590. There are no new requirements.
There is no anticipated cost or savings to local government. The change merely removes an outdated section and makes grammatical and clarifying changes to bring the section into line with similar sections in Title R590. There are no new requirements.
There is no anticipated cost or savings to small businesses. The change merely removes an outdated section and makes grammatical and clarifying changes to bring the section into line with similar sections in Title R590. There are no new requirements.
persons other than small businesses, businesses, or local governmental entities:
There is no anticipated cost or savings to any other persons. The change merely removes an outdated section and makes grammatical and clarifying changes to bring the section into line with similar sections in Title R590. There are no new requirements.
Compliance costs for affected persons:
There are no compliance costs for any affected persons. The changes are clarifying and grammatical and make no new requirements.
Comments by the department head on the fiscal impact the rule may have on businesses:
The change will have no fiscal impact on businesses. The department is making this change to clarify the rule and bring it into line with similar rules in Title R590.
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:
- Steve Gooch 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
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:
Steve Gooch, Information Specialist
R590. Insurance, Administration.
R590-226. Submission of Life Insurance Filings.
R590-226-11. Classification of Documents.
(1) In accordance with Section 63G-2-305, the only information the commissioner may classify as protected is:
(a) information deemed to be a trade secret. Trade secret means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:
(i) derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and
(ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy; or
(b) commercial information and non-individual financial information obtained from a person if:
(i) disclosure of the information could reasonably be expected to result in unfair competitive injury to the person submitting the information or would impair the ability of the commissioner to obtain necessary information in the future[ ]; and
(ii) the person submitting the information has a greater interest in prohibiting access than the public in obtaining access.
(2) The person submitting the information under Subsection (1)(a) or (b) and claiming that such is or should be protected shall provide the commissioner with the information in Section 63G-2-309(1)(a)(i).
(a) The filer shall request [
which ] specific document the filer
believes qualifies under Subsections 63G-2-305(1) or (2) when the
filing is submitted; and
(b) the request shall include a written statement of reasons supporting the request that the information should be classified as protected.
(3) Once the filing has been received, the commissioner will review the documents the filer has requested to be classified as protected to determine if the request meets the requirements of Subsections 63G-2-305(1) or (2).
(a) If all the information in the document meets the requirements for being classified as protected and the required statement is included, the document will be classified as protected and the information will not be available to the public.
(b) If all the information in the document does not meet the requirements for being classified as protected, the commissioner will notify the filer of the denial, the reasons for the denial, and the filer's right to appeal the denial. The filer has 30 days to appeal the denial as allowed by Section 63G-2-401.
(c)(i) Despite the denial of [
classifying the information as ]protected
, the commissioner shall treat the information
as if it had been classified as protected until:
(A) the 30 day time limit for an appeal to the commissioner has expired; or
(B) the filer has exhausted all appeals available under Title 63G, Chapter 2, Part 4 and the document has been found to be a public document.
(ii) During the 30 day time limit to appeal or the appeal process, the filer may withdraw:
(A) the filing; or
(B) the request for [
designation as ]protected
(d) If the filer combines in a document, information it wishes to be classified as protected with information that is public, the document will be classified as public.
R590-226-12. Insurer Annual Reports.
All licensee annual reports must be properly identified and must be filed separately from other filings. Each annual report must be submitted when requested.
Correspondence and Status Checks.
(1) Correspondence. When corresponding with the
department, provide sufficient information to identify the
original filing: (a) type of insurance; (b) date of filing; (c) form numbers; (d) Submission method, SERFF, or email; and (e) SERFF tracking number. (2) Status Checks. (a) A complete filing is usually processed within 45 days
of receipt. (b) A filer can request the status of its filing 60 days
after the date of submission. A response will not be provided to
a status request prior to 60 days.
(1) Response to a Filing Objection Letter. When responding to a Filing Objection Letter a filer must:
(a) provide an explanation identifying all changes made;
(b) include an underline and strikeout version for each revised document;
(c) include a final version of revised documents that incorporates all changes; and
(d) for filing submitted in SERFF, attach the documents in Subsections R590-226-13(1)(b) and (c) to appropriate Form Schedule or Rate/Rule Schedule tab.
(2) Response to an Order to Prohibit Use.
(a) An Order to Prohibit Use becomes final 15 days after the date of the order.
(b) Use of the filing must be discontinued no later than the date specified in the order.
(c) To contest an Order to Prohibit Use, the commissioner must receive a written request for a hearing no later than 15 days after the date of the order.
(d) A new filing is required if the licensee chooses to make the requested changes addressed in the Filing Objection Letter. The new filing must reference the previously prohibited filing.
Persons found, to be in violation of this rule shall be subject to penalties as provided under Section 31A-2-308.
. Enforcement Date.
The commissioner will begin enforcing the revised provisions of this rule 15 days from the effective date of this rule.
If any provision of this rule or its application to any person or situation is held to be invalid, that invalidity shall not affect any other provision or application of this rule, which can be given effect without the invalid provision or application, and to this end the provisions of this rule are declared to be severable.
KEY: life insurance filings
Date of Enactment or Last Substantive Amendment: [
October 16, 2013]
Notice of Continuation: March 18, 2014
Authorizing, Implemented, or Interpreted Law: 31A-2-201; 31A-2-201.1; 31A-2-202
More information about a Notice of Proposed Rule is available online.
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/2016/b20160215.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.
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For questions regarding the content or application of this rule, please contact Steve Gooch 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. For questions about the rulemaking process, please contact the Division of Administrative Rules.