2006 Utah Code - 31A-22-425 — Rulemaking authority for standards related to life insurance and annuities.

     31A-22-425.   Rulemaking authority for standards related to life insurance and annuities.
     In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the commissioner may make rules to establish standards for any of the following:
     (1) if used in connection with the solicitation or sale of life insurance policies and contracts:
     (a) a buyer's guide;
     (b) a disclosure;
     (c) an illustration;
     (d) a policy summary; or
     (e) a recommendation; and
     (2) in a life insurance policy, annuity contract, or life insurance or annuity certificate:
     (a) a definition of a term;
     (b) a disclosure;
     (c) an exclusion; or
     (d) a limitation.

Amended by Chapter 175, 2006 General Session