S.B. 129
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7 LONG TITLE
8 General Description:
9 This bill modifies the Insurance Code to address electronic transactions.
10 Highlighted Provisions:
11 This bill:
12 . enacts a provision providing for electronic insurance transactions with the consent
13 of the policyholder.
14 Money Appropriated in this Bill:
15 None
16 Other Special Clauses:
17 None
18 Utah Code Sections Affected:
19 ENACTS:
20 31A-21-316 , Utah Code Annotated 1953
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22 Be it enacted by the Legislature of the state of Utah:
23 Section 1. Section 31A-21-316 is enacted to read:
24 31A-21-316. Electronic insurance transactions.
25 (1) This section does not apply to:
26 (a) life insurance;
27 (b) accident and health insurance;
28 (c) health insurance; and
29 (d) annuities.
30 (2) Notwithstanding Section 31A-21-303 , if a policyholder expressly consents, an
31 insurer may issue a policy that provides for the insurance transaction to be conducted by
32 electronic means in compliance with Title 46, Chapter 4, Part 2, Legal Status and
33 Requirements of Electronic Records, Signatures, and Contracts. The electronic means shall
34 allow for electronic communication or transmission of a document or notice associated with
35 the coverage and policy term, including policy cancellation, issuance, adjustment, endorsement,
36 and renewal.
37 (3) An insurer shall provide reasonable conditions, filed with the department, for a
38 policyholder to revoke the policyholder's consent to conduct an insurance transaction
39 electronically. The insurer shall communicate the reasonable conditions for revoking the
40 consent to the policyholder when the policyholder's consent is given.
Legislative Review Note
as of 1-17-14 9:35 AM