Utah § 31A-22-509 Commissioner's authority to approve other groups.

Utah Statutes

§ 31A-22-509 — Commissioner's authority to approve other groups.

Utah § 31A-22-509

Title 31AInsurance Code

Ch. 31A-22Contracts in Specific Lines

Part 31A-22-5Group Life Insurance

This text of Utah § 31A-22-509 (Commissioner's authority to approve other groups.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-22-509 (2026).

Text

(1)A policy may be issued to a group other than those specified under Sections 31A-22-501 through 31A-22-508, if specifically authorized by the commissioner and if granting the permission is not contrary to public policy.

(2)(2)(a) The commissioner may not grant permission to issue these types of policies unless the insurer demonstrates to the commissioner's satisfaction that the proposed group will:

(2)(a)(i) be actuarially sound;

(2)(a)(ii) result in economies of acquisition and administration that justify a group rate; and

(2)(a)(iii) not present hazards of adverse selection.

(2)(b) The policyholders shall pay the premiums for the policy from funds contributed by:

(2)(b)(i) the policyholder;

(2)(b)(ii) the covered person; or

(2)(b)(iii) both the policyholder and the covered person. (2

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(1) A policy may be issued to a group other than those specified under Sections 31A-22-501 through 31A-22-508, if specifically authorized by the commissioner and if granting the permission is not contrary to public policy.
(2) (2)(a) The commissioner may not grant permission to issue these types of policies unless the insurer demonstrates to the commissioner's satisfaction that the proposed group will:
(2)(a)(i) be actuarially sound;
(2)(a)(ii) result in economies of acquisition and administration that justify a group rate; and
(2)(a)(iii) not present hazards of adverse selection.
(2)(b) The policyholders shall pay the premiums for the policy from funds contributed by:
(2)(b)(i) the policyholder;
(2)(b)(ii) the covered person; or
(2)(b)(iii) both the policyholder and the covered person.
(2)(c) Premiums for the policy and any contributions by or on behalf of the insured persons shall be reasonable in relation to the benefits provided.