Section R590-130-7 - Necessity for Disclosing Policy Provisions Relating to Renewability, Cancelability, and Termination(1) An advertisement that is an invitation to contract shall disclose, in a manner that does not minimize or obscure the qualifying conditions, provisions regarding the following:(a) cancellation, renewability, and termination; and(b) modification of benefits, losses covered, or premiums.(2) An advertisement may only use the term "noncancelable" to advertise a policy that: (a) the insured has the right to continue in force coverage by timely paying the policy's premiums; and(b) the insurer has no right to change provisions in the policy while the policy is in force.(3) An advertisement may only use the term "guaranteed renewable" to advertise a policy that: (a) the insured has the right to continue in force by timely paying the policy's premiums; and(b) the insurer has no right to change provisions in the policy while the policy is in force, except that the insurer may make premium rate changes.Utah Admin. Code R590-130-7
Adopted by Utah State Bulletin Number 2022-24, effective 12/8/2022