Utah Admin. Code R590-108-4 - Rule

The interest rate an insurer may charge during a grace period on overdue premium or subsequent reinstatement of a life insurance policy or annuity contract shall be the rate set in the policy or contract, except that:

(1) the interest rate may not exceed the interest rate in the policy loan provision in the policy; or
(2) in the absence of a policy loan provision, the interest rate may not exceed the maximum interest rate under Section 31A-22-420.


Utah Admin. Code R590-108-4
Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021

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