Utah Admin. Code R590-222-14 - Filing Forms

(1)

(a) A form used for a life settlement shall be filed with the commissioner before use.

(b) A form is a "filed for use" filing when the compliant form is submitted to the department.

(c) The following forms shall be filed:

(i) life settlement;

(ii) disclosure to the owner;

(iii) notice of intent to settle;

(iv) verification of coverage; and

(v) application.

(2) A form filing shall include:

(a) a cover letter on the licensee's letterhead providing:

(i) a list of the forms being filed, by title and identification number;

(ii) a description of the filing; and

(iii) an indication if the form:

(A) is a new filing; or

(B) is replacing or modifying a previously filed form, including the changes made, the reason for the changes, and the previous filing's filed date; and

(b) a copy of each form to be filed.

(3) The form filing and any response shall be submitted by email to life.uid@utah.gov.

(4) If a filing is rejected, the filing shall be resubmitted as a new filing.

(5) If a filing objection letter is issued, the response shall include:

(a) a new cover letter identifying the changes made; and

(b) a copy of the revised form.

(6) A person may request the status of their filing by email, telephone, or mail after 30 days from the date of submission.

Notes

Utah Admin. Code R590-222-14

Amended by Utah State Bulletin Number 2023-15, effective 7/25/2023