Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-85 - Accident and Health Insurance and Medicare Supplement Rates
Section R590-85-2 - Purpose and Scope
Universal Citation: UT Admin Code R 590-85-2
Current through Bulletin 2024-06, March 15, 2024
(1) The purpose of this rule is to implement Subsections 31A-22-602(2), 31A-22-605(4)(e), and 31A-22-620(3)(e) by establishing minimum loss ratios and implementing procedures for the filing of accident and health insurance and Medicare supplement premium rates, including the initial filing of rates and any subsequent rate changes.
(2) This rule applies to:
(a) an individual accident and health
insurance policy except as excluded under Subsection (3);
(b) a Medicare supplement policy;
and
(c) a group insurance policy
issued to a trustee as authorized under Subsection
31A-22-504(1)(b)(ii).
(3) This rule does not apply to:
(a) a policy subject to Title 31A, Chapter
30, Individual, Small Employer, and Group Health Insurance Act, and Chapter 45,
Managed Care Organizations, that complies with Rules R590-167 and
R590-277;
(b) a long-term care
policy subject to Rule R590-148; and
(c) a limited long-term care policy subject
to Rule R590-285.
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