R590-230-6

R590-230-6. Compliance Mitigation, Penalties, and Enforcement

Last amended: 2024Length: 143 wordsOfficial source

Cite as Utah Admin. Code R590-230-6

(1) An insurer is responsible for compliance with this rule. If a violation occurs, either because of the action or inaction of the insurer or its producer, the commissioner may order: (a) an insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this rule by the insurer, an entity contracted to perform the insurer's supervisory duties, or by the producer; (b) a general agency, independent agency, or a producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this rule; and (c) appropriate penalties and sanctions. (2) Any applicable penalty under Section 31A-2-308 for a violation of this rule may be reduced or eliminated if corrective action for the consumer is taken promptly after a violation is discovered or the violation is not part of a pattern or practice.
R590-230-6: R590-230-6. Compliance Mitigation, Penalties, and Enforcement | Justis AI