R590. Insurance, Administration.R590-147. Annual and Quarterly Statement Filing Instructions.
R590-147-1. Authority.
This rule is promulgated by the commissioner pursuant to Sections 31A-2-201 and 31A-4-113.
R590-147-2. Purpose and Scope.
(1) The purpose of this rule is to provide instructions for filing an annual statement, a quarterly statement, and any required supplemental schedule, exhibit, or document.
(2) This rule applies to an insurer required to file an annual statement or a quarterly statement with the commissioner.
R590-147-3. Definitions.
Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
(1) "Insurer" means a licensee who is licensed under Title 31A, Chapters 5, 7, 8, 9, 14, or 15.
(2) "NAIC" means the National Association of Insurance Commissioners.
R590-147-4. Annual and Quarterly Statement Filings.
(1) An annual statement, quarterly statement, and any required supplemental schedule, exhibit, or document shall be prepared according to the latest edition of the NAIC annual and quarterly statement instructions and the Accounting Practices and Procedures Manual published by the NAIC.
(2)(a) An insurer shall file its annual statement, quarterly statement, and any required supplemental schedule, exhibit, or document electronically with the NAIC according to the NAIC annual and quarterly statement instructions.
(b) A foreign insurer or an alien insurer may not file a paper copy of any document required by Subsection (1) with the department, unless specifically requested by the commissioner.
(3) NAIC and department filing instructions, including due dates, may be found at the following websites: www.naic.org and https://insurance.utah.gov.
R590-147-5. Severability.
If any provision of this rule, Rule R590-147, or its application to any person or situation is held invalid, such invalidity does not affect any other provision or application of this rule that can be given effect without the invalid provision or application. The remainder of this rule shall be given effect without the invalid provision or application.
KEY: insurance
Date of Last Change: January 10, 2022
Notice of Continuation: January 31, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-2-202; 31A-4-113
