R590-98-4

R590-98-4. Unfair or Deceptive Acts or Practices

Last amended: 2024Length: 56 wordsOfficial source

Cite as Utah Admin. Code R590-98-4

Unfair or deceptive acts or practices include: (1) Failing to comply with a policyholder request for a policy value within 20 days of receiving the request. (2) Exercising the nonforfeiture deferral option of Subsections 31A-22-408(2)(h), 31A-22-409(3)(d), or 31A-22-420(5), in response to a request for policy values unless the financial stability of the insurer is at risk.
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