2006 Utah Code - 31A-36-119 — Authority to make rules.

     31A-36-119.   Authority to make rules.
     In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the commissioner may adopt rules to:
     (1) establish the requirements for the annual statement required under Section 31A-36-106;
     (2) establish standards for evaluating the reasonableness of payments under viatical settlements;
     (3) establish appropriate licensing requirements, fees, and standards for continued licensure for:
     (a) providers of viatical settlements; and
     (b) producers of viatical settlements;
     (4) require a bond or otherwise ensure financial accountability of:
     (a) providers of viatical settlements; and
     (b) producers of viatical settlements;
     (5) govern the relationship of insurers with providers of viatical settlements and producers of viatical settlements during the viatication of a policy;
     (6) determine the specific disclosures required under Section 31A-36-108;
     (7) determine whether advertising for viatical settlements violates Section 31A-36-112;
     (8) determine the information to be provided to the commissioner under Section 31A-36-114 and the manner of providing the information;
     (9) determine additional acts or practices that are prohibited under Section 31A-36-111;
     (10) establish payment requirements for the payments in Section 31A-36-110; and
     (11) establish the filing procedure for the forms listed in Subsection 31A-36-105(1).

Amended by Chapter 106, 2004 General Session