Section R590-85-2 - Purpose and Scope(1) The purpose of this rule is to implement Subsections 31A-22-602(2), 31A-22-605(4)(e), and 31A-22-620(3)(e) by establishing minimum loss ratios and implementing procedures for the filing of accident and health insurance and Medicare supplement premium rates, including the initial filing of rates and any subsequent rate changes.(2) This rule applies to:(a) an individual accident and health insurance policy except as excluded under Subsection (3);(b) a Medicare supplement policy; and(c) a group insurance policy issued to a trustee as authorized under Subsection 31A-22-504(1)(b)(ii).(3) This rule does not apply to: (a) a policy subject to Title 31A, Chapter 30, Individual, Small Employer, and Group Health Insurance Act, and Chapter 45, Managed Care Organizations, that complies with Rules R590-167 and R590-277;(b) a long-term care policy subject to Rule R590-148; and(c) a limited long-term care policy subject to Rule R590-285.Utah Admin. Code R590-85-2
Amended by Utah State Bulletin Number 2021-07, effective 3/11/2021Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021