R590-222-2
R590-222-2. Purpose and Scope
Cite as Utah Admin. Code R590-222-2
(1) The purpose of this rule is to implement procedures for:
(a) licensing a life settlement provider or life settlement producer;
(b) a life settlement provider or a life settlement producer annual report;
(c) disclosures;
(d) advertising;
(e) reporting of fraud;
(f) prohibited practices;
(g) standards for life settlement payments; and
(h) procedures for a request for verification of coverage.
(2) This rule applies to:
(a) a life settlement provider;
(b) a life settlement producer; or
(c) an insurer whose policy is to be settled.