Utah Admin. Code R590-150-4 - Rule

An examination report prepared by the state of domicile or port of entry state will be accepted in lieu of an examination under Section 31A-2-203 if:

(1) the insurance department that prepared the report was, at the time of the examination, accredited under the National Association of Insurance Commissioners' Financial Regulation Standards and Accreditation Program;

(2) the examination is performed under the supervision of an accredited insurance department; or

(3) the examination is performed with the participation of one or more examiners employed by an accredited insurance department who, after a review of the examination work papers and report, state under oath that the examination was performed in a manner consistent with the standards and procedures required by their insurance department.

Notes

Utah Admin. Code R590-150-4

Amended by Utah State Bulletin Number 2022-02, effective 1/10/2022