- (1) An insurer shall disclose to a policyholder and to a contract holder that the Utah Life and Health Guaranty Association may not cover the contractual guarantees in the policy or contract.
(2) The disclosure required in Subsection (1) shall be:
- (a) in writing;
- (b) given before or at the time a policy, contract, or certificate is delivered;
- (c) available upon request by a policyholder, an enrollee, or a contract holder; and
- (d) filed with the commissioner.
- (3) The disclosure required in Subsection (1) shall use the text in the Utah Life and Health Insurance Guaranty Association's Notice of Protection, which is available on the department's website, https://insurance.utah.gov.
KEY: insurance
Date of Last Change: January 24, 2022
Notice of Continuation: December 1, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-28-119