Section R590-222-6 - Annual Report(1)(a) By March 1 of each calendar year, a life settlement provider shall submit an annual report to the commissioner.(b) The report in Subsection (1)(a) is limited to all life settlement transactions where the owner is a resident of this state.(2) The report shall: (a) contain information for the previous calendar year for each life settlement contracted during the reporting period;(b) be submitted in the format in Appendix B; and(c) contain the following:(ii) a policy issue date;(iii) a date of the life settlement;(iv) a net death benefit settled;(v) an amount available to the policyholder under the terms of the policy at the time of the settlement; and(vi) a net amount paid to the owner.(3) The completed report shall be submitted by email to life.uid@utah.gov.Utah Admin. Code R590-222-6
Amended by Utah State Bulletin Number 2023-15, effective 7/25/2023