Utah Statutes
§ 31A-44-204 — Actuarial review.
(1)(1)(a) This section applies only to a provider that directly or indirectly offers a future guarantee of continuing care that the department determines develops current actuarial liabilities.
(1)(b) This section does not apply to a provider that offers continuing care under a fee-for-service model with a required entrance fee.
(2)A provider subject to this section shall file, with the department, an actuarial review:
(2)(a) upon being notified of the department's determination; and
(2)(b) on a day designated by the department in the year five years after the day on which the department last received an actuarial review from the provider.
(3)The department may require an actuarial review in addition to the actuarial reviews required by Subsection (2) if the department determines that
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Legislative History
Enacted by Chapter 270, 2016 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.