Utah Admin. Code R590-166-2 - Purpose and Scope
(1) The purpose of
this rule is to:
(a) establish exemptions
from certain requirements of Title 31A, Chapter 6a, Service Contracts;
(b) allow for the use of a
security deposit, a surety bond, or an irrevocable letter of credit in place of
a reimbursement insurance policy; and
(c) establish annual report filing
requirements.
(2) This
rule applies to a home protection company that chooses to be backed by a
security deposit, a surety bond, or an irrevocable letter of credit.
Notes
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