1. (1)(a) A form used for a life settlement shall be filed with the commissioner before use.

   1. (b) A form is a "filed for use" filing when the compliant form is submitted to the department.

   2. (c) The following forms shall be filed:

      1. (i) life settlement;
      2. (ii) disclosure to the owner;
      3. (iii) notice of intent to settle;
      4. (iv) verification of coverage; and
      5. (v) application.

2. (2) A form filing shall include:

   1. (a) a cover letter on the licensee's letterhead providing:

      1. (i) a list of the forms being filed, by title and identification number;
      2. (ii) a description of the filing; and

      3. (iii) an indication if the form:

         1. (A) is a new filing; or
         2. (B) is replacing or modifying a previously filed form, including the changes made, the reason for the changes, and the previous filing's filed date; and
   2. (b) a copy of each form to be filed.
3. (3) The form filing and any response shall be submitted by email to life.uid@utah.gov.
4. (4) If a filing is rejected, the filing shall be resubmitted as a new filing.

5. (5) If a filing objection letter is issued, the response shall include:

   1. (a) a new cover letter identifying the changes made; and
   2. (b) a copy of the revised form.
6. (6) A person may request the status of their filing by email, telephone, or mail after 30 days from the date of submission.

KEY: insurance, life settlement

Date of Last Change: July 25, 2023

Notice of Continuation: May 1, 2023

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-36-119