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R590.
Insurance, Administration. (Effective
1-24-02)
R590-208. Uniform Application
for Certificates of Authority.
R590-208-1. Authority.
This rule is promulgated pursuant to
Subsections 31A-2-201(2), 31A-2-201(3)(a), and 31A-2-202(2) wherein the
commissioner is empowered to administer and enforce Title 31A; to make
administrative rules to implement the provisions of Title 31A; to
prescribe forms for information needed to enforce Title 31A and to
implement uniformity between states and other jurisdictions as may apply
to the admission and organization of insurance companies in Utah.
R590-208-2.
Purpose.
The purpose of this rule is ensure that
the commissioner's requirements for domestic, foreign and alien insurer
applications to obtain a certificate of authority in Utah shall be
consistent with requirements of other states, the information included in
the Uniform Certificate of Authority Primary Application, and the Uniform
Certificate of Authority Expansion Application of the National Association
of Insurance Commissioners.
R590-208-3.
Applicability and Scope.
This rule shall apply to all applicants
seeking to obtain a certificate of authority for an insurer or an
application for an organization permit to organize an insurer under Title
31A, Chapters 5, 7, 8, 9, 10, 11 or 14.
R590-208-4.
Uniform Application for Admission as an Insurer.
In order to promote efficiency and
uniformity between the Utah Insurance Department, its sister states and
other jurisdictions, the commissioner hereby requires the information
included in the Uniform Certificate of Authority Primary Application and
Uniform Certificate of Authority Expansion Application of the National
Association of Insurance Commissioners shall be submitted in accordance
with the requirements of Sections 31A-5-204, 31A-7-201, 31A-8-205,
31A-9-205, 31A-10-203, 31A-11-105 and 31A-14-201.
To the extent that the above sections
require other information that is not required in these uniform
applications, an applicant for a certificate of authority and organization
permit shall furnish the additional information as a supplement to the
information required in the uniform applications.
R590-208-5.
Severability.
If a provision of this rule or its
application to any person or circumstance is or for any reason held to be
invalid, the remainder of the rule and the application of these provisions
shall not be affected.
KEY:
insurance certificate of authority
2002
31A-2-201
31A-2-202
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