Utah Admin. Code R590-199-5 - Implementation of Withdrawal
(1) A
carrier and all its affiliates withdrawing from the market must provide written
notice of the decision to withdraw to all affected insureds and to the
insurance commissioner in each state in which an affected insured
resides.
(2) The carrier's
certificate of authority will be modified to prohibit writing business from
which the carrier has withdrawn.
(3) A carrier's affiliates, as described in
Subsection
31A-30-104(4),
may also be required to withdraw, as determined by the commissioner.
(4) Nonrenewal shall occur on the annual
renewal date .
Notes
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