2nd Sub.
H.B.
47
INSURANCE LAW AMENDMENTS
Senate Committee
Amendments
Amendment 1 February 13, 2013 2:31 PM
Senator Curtis S. Bramble
proposes the following amendments:
1. Page
1, Lines 21 through 23
:
21
. amends provisions related to company action level events;
22
{
. prohibits discretionary clauses;
}
23
. enacts a provision regarding producer's duties related to replacement of life
2. Page
3, Lines 65 through 67
:
65
31A-20-110, as last amended by Laws of Utah 2003, Chapter 298
66
{
31A-21-314, as last amended by Laws of Utah 1987, Chapter 95
}
67
31A-21-503, as last amended by Laws of Utah 2007, Chapter 307
3. Page
57, Line 1758 through Page 58, Line 1768
:
1758
{
Section 14.
Section
31A-21-314
is amended to read:
1759
31A-21-314. Prohibited provisions.
1760
[No] An insurance policy subject to this chapter may not contain any provision:
1761
(1) requiring it to be construed according to the laws of another jurisdiction except as
1762
necessary to meet the requirements of compulsory insurance laws of other jurisdictions;
1763
(2) depriving Utah courts of jurisdiction over an action against the insurer, except as
1764
provided in permissible arbitration provisions; [or]
1765
(3) limiting the right of action against the insurer to less than three years from the date
1766
the cause of action accrues[.]; or
1767
(4) purporting to give to an insurer, plan administrator, or claim administrator full and
1768
final discretion in interpreting benefits in an insurance policy.
}
Renumber remaining sections accordingly
Page 1 of 1
LRGC
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H 02/13/13 1:50p