Current through the 2024 Fourth Special Session
Section 31A-8a-103 - Scope and purposes(1) A person shall comply with the provisions of this chapter if the person operates a health discount program in this state.(2) Notwithstanding any provision in this title, a person who only operates or markets a health discount program is exempt from: (c) Chapter 6a, Service Contracts;(d) Chapter 7, Nonprofit Health Service Insurance Corporations;(h) Chapter 9, Insurance Fraternals, Chapter 10, Annuities, Chapter 11, Motor Clubs, and Chapter 12, State Risk Management Fund;(i) Chapter 17, Determination of Financial Condition, and Chapter 18, Investments;(j) Chapter 19a, Utah Rate Regulation Act;(k) Sections 31A-23a-103 and 31A-23a-104;(l) Chapter 25, Third Party Administrators, and Chapter 26, Insurance Adjusters;(m) Chapter 28, Guaranty Associations; and(n) Chapter 35, Bail Bond Act, Chapter 36, Life Settlements Act, Chapter 37, Captive Insurance Companies Act, and Chapter 38, Federal Health Care Tax Credit Program Act.(3) A person licensed under this title as an accident and health insurer or health maintenance organization: (a) is not required to obtain a license as required by Section 31A-8a-201 to operate a health discount program; and(b) is required to comply with all other provisions of this chapter.(4) The purposes of this chapter include: (a) full disclosure in the sale of health discount programs;(b) reasonable regulation of the marketing and disclosure practices of health discount program operators; and(c) licensing standards for health discount programs.(5) Nothing in this chapter prohibits a health discount program operator from marketing a health discount program operator's own services without a health discount program marketer license.Amended by Chapter 258, 2015 General Session ,§ 18, eff. 5/12/2015.Amended by Chapter 135, 2013 General Session ,§ 2, eff. 5/14/2013.Enacted by Chapter 58, 2005 General Session