Section R590-124-4 - Loss Information(1) An insurer shall provide loss information to the first named insured within 30 days of the receipt of a written request from the named insured. (a) Loss information shall be provided for the three most recent policy years in which coverage was provided, or complete loss information if the policy has been in effect less than three years.(b) An insurer shall advise the first named insured of the right to request the loss information if the insurer initiates the cancellation or the nonrenewal of a policy.(2) The following loss information must be provided to comply with Subsection (1): (a) information on closed claims where payment was allowed, including date of occurrence, type of loss, and amount of payments;(b) information on all open claims, including date of occurrence, type of loss, and amount of payments, if any; and(c) information on notices of occurrence, including date of occurrence.(3) The required loss information need only be provided one time in any 12-month period and shall be provided at no cost to the insured.(4) A l o s s information request received more than three years after the termination of coverage may be denied.(5) The loss information required by this rule shall be provided in a format that is clear and understandable to the insured.Utah Admin. Code R590-124-4
Amended by Utah State Bulletin Number 2021-21, effective 10/25/2021