R590-226-3. Definitions

Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows: (1) "Certification" means a statement that a submitted filing is compliant. (2) "Compliant" means a filing that is complete and complies with Title 31A, Insurance Code, and Title R590, Administration. (3) "Data page" means the page or pages in a policy or certificate providing the specific data for the insured and detailing the coverage provided. (4) "Discretionary group" means a group that is specifically authorized by the commissioner under Section 31A-22-509. (5) "Electronic filing" means a filing submitted using SERFF. (6) "Eligible group" means a group that meets the requirements in Sections 31A-22-501.1 through 31A-22-508. (7) "File and use" means a filing is used, sold, or offered for sale after it is filed with the department. (8) "Filing objection letter" means a letter issued by the commissioner when a review of a filing determines the filing is not compliant and may require: (a) correction of non-compliant items; (b) clarification; or (c) additional information related to the filing. (9) "Letter of authorization" means a letter signed by an officer of the insurer giving authority to a third party to submit a filing on behalf of the insurer. (10) "NAIC Product Coding Matrix" means a numerical coding system developed by the NAIC that provides uniform naming convention, uniform terminology, and uniform description for a type of insurance product in a filing. (11) "Order to prohibit use" means an order issued by the commissioner prohibiting the use of a filing. (12) "Qualified actuary" means an individual who is qualified to sign the applicable state of actuarial opinion in accordance with the American Academy of Actuaries qualification standards. (13) "Rejected" means a filing is: (a) not compliant; (b) returned to the insurer stating the reason for rejection; and (c) not considered filed with the department. (14) "Resubmission" means a correction, modification, or replacement of a previously rejected, withdrawn, or prohibited filing. (15) "SERFF" means the System for Electronic Rate and Form Filing. (16) "Type of insurance" or "TOI" means: (a) a specific life insurance product identified by the NAIC Product Coding Matrix including term, universal, variable, or whole life; and (b) a TOI that can be selected in SERFF when submitting a filing in Utah. (17) "Utah filed date" means the date the department indicates a paper filing is accepted.