Utah Admin. Code R590-222-2 - Purpose and Scope
(1) The purpose of
this rule is to implement procedures for:
(a)
licensing a life settlement provider or life settlement producer;
(b) a life settlement provider or a life
settlement producer annual report;
(c) disclosures;
(d) advertising;
(e) reporting of fraud;
(f) prohibited practices;
(g) standards for life settlement payments;
and
(h) procedures for a request
for verification of coverage.
(2) This rule applies to:
(a) a life settlement provider;
(b) a life settlement producer; or
(c) an insurer whose policy is to be
settled.
Notes
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