Utah Admin. Code 590-98-4

Current through Bulletin 2024-20, October 15, 2024

Section R590-98-4 - Unfair or Deceptive Acts or Practices

Unfair or deceptive acts or practices include:

(1) Failing to comply with a policyholder request for a policy value within 20 days of receiving the request.

(2) Exercising the nonforfeiture deferral option of Subsections 31A-22-408(2)(h), 31A-22-409(3)(d), or 31A-22-420(5), in response to a request for policy values unless the financial stability of the insurer is at risk.

Utah Admin. Code R590-98-4

Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021