(1) The purpose of this rule is to:
- (a) require a prompt response to a policyholder's request for policy values; and
- (b) limit the exercise of the statutory deferral option to a situation where the financial stability of the insurer is at risk.
- (2) This rule applies to an insurer engaged in the business of insurance.
KEY: insurance law
Date of Last Change: November 8, 2021
Notice of Continuation: April 3, 2024
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-23a-402