H.B. 16 Enrolled

LIFE INSURANCE LAW AMENDMENTS
2004 GENERAL SESSION
STATE OF UTAH
Sponsor: James A. Dunnigan

LONG TITLE
General Description:
This bill modifies the Insurance Code to address life insurance provisions.
Highlighted Provisions:
This bill:
. grants rulemaking authority;
. addresses eligible insured groups for group or blanket life insurance policies; and
. makes technical changes.
Monies Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
31A-22-501, as enacted by Chapter 242, Laws of Utah 1985
ENACTS:
31A-22-425, Utah Code Annotated 1953

Be it enacted by the Legislature of the state of Utah:
Section 1. Section 31A-22-425 is enacted to read:
31A-22-425. Rulemaking authority.
In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the
commissioner shall make rules to establish standards for any of the following used in connection
with the sale of life insurance policies and contracts:

(1) a buyer's guide;
(2) a disclosure;
(3) an illustration;
(4) a policy summary; or
(5) a recommendation.
Section 2. Section 31A-22-501 is amended to read:
31A-22-501. Eligible groups.
[No] A group or blanket policy of life insurance may not be delivered in Utah unless the
insured group:
(1) falls within at least one of the classifications under Sections 31A-22-502 through
31A-22-509 [.]; and
(2) is formed for a reason other than the purchase of insurance.

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