6/15/2022
The Utah Insurance Department has undertaken rulemaking actions on five rules: - R590-93, Replacement of Life Insurance and Annuities, repeal and reenact
- R590-162, Actuarial Opinion and Memorandum Rule, amendments
- R590-178, Securities Custody, amendments
- R590-207, Health Producer Commissions for Small Employer Groups, amendments
- R590-247, Universal Health Insurance Application Rule, amendments
The rules are being amended to comply with Executive Order 2021-12; the amendments do not add, remove, or change any regulations or requirements. They are largely clerical and grammatical changes. You can see the text of the proposed amendments at https://insurance.utah.gov/consumer/legal-resources/rules and the links below: - R590-93, Replacement of Life Insurance and Annuities.
This is a repeal and reenactment of an existing rule. Comments accepted until 08/01/2022. No hearing is scheduled. Earliest possible effective date is 08/08/2022. - R590-162, Actuarial Opinion and Memorandum Rule.
This is an amendment to an existing rule. Comments accepted until 08/01/2022. No hearing is scheduled. Earliest possible effective date is 08/08/2022. - R590-178, Securities Custody.
This is an amendment to an existing rule. Comments accepted until 08/01/2022. No hearing is scheduled. Earliest possible effective date is 08/08/2022. - R590-207, Health Producer Commissions for Small Employer Groups.
This is an amendment to an existing rule. Comments accepted until 08/01/2022. No hearing is scheduled. Earliest possible effective date is 08/08/2022. - R590-247, Universal Health Insurance Application Rule.
This is an amendment to an existing rule. Comments accepted until 08/01/2022. No hearing is scheduled. Earliest possible effective date is 08/08/2022.
The Utah Insurance Department has filed effective dates for four rules: - R590-173, Credit for Reinsurance
- R590-196, Bail Bond Premium and Fee Standards, Collateral Standards, and Disclosure Form
- R590-199, Plan of Orderly Withdrawal Rule Relating to Health Benefit Plans
- R590-271, Data Reporting for Consumer Quality Comparison
The rules were amended to comply with Executive Order 2021-12; most amendments did not add, remove, or change any regulations or requirements. They are largely clerical and grammatical changes.
However, the repeal and reenactment of R590-173 also added a section (R590-173-9) and reorganized the rule to match more closely with the NAIC model regulation, which is required for accreditation.
You can see the text of the amended rules at https://insurance.utah.gov/consumer/legal-resources/rules and the links below:
- R590-173, Credit for Reinsurance.
Rule changes put into effect 06/07/2022. - R590-196, Bail Bond Premium and Fee Standards, Collateral Standards, and Disclosure Form.
Rule changes put into effect 06/07/2022. - R590-199, Plan of Orderly Withdrawal Rule Relating to Health Benefit Plans.
Rule changes put into effect 06/07/2022. - R590-271, Data Reporting for Consumer Quality Comparison.
Rule changes put into effect 06/07/2022.
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