(1) The purpose of this rule is to:
- (a) recognize arbitration as an acceptable method of alternative dispute resolution; and
- (b) provide guidelines for disclosure of a contract arbitration provision.
- (2) Except as provided in Subsection (3), this rule applies to individual and group contracts and all classifications or lines of insurance.
- (3) This rule does not apply to individual and group income replacement insurance or a health benefit plan that complies with Rule R590-215.
KEY: insurance law
Date of Last Change: November 22, 2021
Notice of Continuation: June 3, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201