Utah § 31A-36-119 Authority to make rules.

Utah Statutes

§ 31A-36-119 — Authority to make rules.

Utah § 31A-36-119

Title 31AInsurance Code

Ch. 31A-36Life Settlements Act

This text of Utah § 31A-36-119 (Authority to make rules.) 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-36-119 (2026).

Text

In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may adopt rules to:

(1)establish the requirements for the annual report required under Section 31A-36-106;

(2)establish standards for evaluating the reasonableness of payments under life settlements;

(3)establish appropriate licensing requirements, fees, and standards for continued licensure for:

(3)(a) a life settlement provider; and

(3)(b) a life settlement producer;

(4)(4)(a) determine the amount and conditions of a bond or other assurance of financial responsibility required under Section 31A-23a-117 for a life settlement provider; and

(4)(b) require, determine the amount, or determine the conditions of an assurance of financial responsibility for a life settlement producer, including a b

Free access — add to your briefcase to read the full text and ask questions with AI

In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may adopt rules to:
(1) establish the requirements for the annual report required under Section 31A-36-106;
(2) establish standards for evaluating the reasonableness of payments under life settlements;
(3) establish appropriate licensing requirements, fees, and standards for continued licensure for:

(3)(a) a life settlement provider; and
(3)(b) a life settlement producer;
(4) (4)(a) determine the amount and conditions of a bond or other assurance of financial responsibility required under Section 31A-23a-117 for a life settlement provider; and
(4)(b) require, determine the amount, or determine the conditions of an assurance of financial responsibility for a life settlement producer, including a bond or an errors and omissions insurance policy;
(5) govern the relationship of insurers with a life settlement provider or life settlement producer during the settlement of a policy;
(6) determine the specific disclosures required under Section 31A-36-108;
(7) determine whether advertising for life settlements violates Section 31A-36-112;
(8) determine the information to be provided to the commissioner under Section 31A-36-114 and the manner of providing the information;
(9) determine additional acts or practices that are prohibited under Section 31A-36-111;
(10) establish payment requirements for the payments in Section 31A-36-110; and
(11) establish the filing procedure for the forms listed in Subsection 31A-36-105(1).