Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-98 - Unfair Practice in Payment of Life Insurance and Annuity Policy Values
Section R590-98-2 - Purpose and Scope
Universal Citation: UT Admin Code R 590-98-2
Current through Bulletin 2024-06, March 15, 2024
(1) The purpose of this rule is to:
(a) require a prompt
response to a policyholder's request for policy values; and
(b) limit the exercise of the statutory
deferral option to a situation where the financial stability of the insurer is
at risk.
(2) This rule applies to an insurer engaged in the business of insurance.
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