Utah Admin. Code 590-222-2

Current through Bulletin 2024-19, October 1, 2024

Section R590-222-2 - Purpose and Scope

(1) The purpose of this rule is to implement procedures for:

(a) licensing a life settlement provider or life settlement producer;

(b) a life settlement provider or a life settlement producer annual report;

(c) disclosures;

(d) advertising;

(e) reporting of fraud;

(f) prohibited practices;

(g) standards for life settlement payments; and

(h) procedures for a request for verification of coverage.

(2) This rule applies to:

(a) a life settlement provider;

(b) a life settlement producer; or

(c) an insurer whose policy is to be settled.

Utah Admin. Code R590-222-2

Amended by Utah State Bulletin Number 2023-15, effective 7/25/2023