(1) When relevant, either directly or indirectly, to the performance of the commissioner’s duties under this title, the commissioner may require from any person subject to regulation under this title:

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Terms Used In Utah Code 31A-2-202

  • Affiliate: means a person who controls, is controlled by, or is under common control with, another person. See Utah Code 31A-1-301
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Department: means the Insurance Department. See Utah Code 31A-1-301
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Form: means one of the following prepared for general use:
              (74)(a)(i) a policy;
              (74)(a)(ii) a certificate;
              (74)(a)(iii) an application;
              (74)(a)(iv) an outline of coverage; or
              (74)(a)(v) an endorsement. See Utah Code 31A-1-301
  • Insurance: includes :
              (96)(b)(i) a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;
              (96)(b)(ii) a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and
              (96)(b)(iii) a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301
  • Person: includes :
         (146)(a) an individual;
         (146)(b) a partnership;
         (146)(c) a corporation;
         (146)(d) an incorporated or unincorporated association;
         (146)(e) a joint stock company;
         (146)(f) a trust;
         (146)(g) a limited liability company;
         (146)(h) a reciprocal;
         (146)(i) a syndicate; or
         (146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • Writing: includes :
         (48)(a) printing;
         (48)(b) handwriting; and
         (48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5
     (1)(a) in whatever reasonable form and reasonable intervals the commissioner designates:

          (1)(a)(i) a statement;
          (1)(a)(ii) a report;
          (1)(a)(iii) an answer to a questionnaire;
          (1)(a)(iv) other information; and
          (1)(a)(v) evidence of the information described in Subsections (1)(a)(i) through (iv);
     (1)(b) full explanation of the programming of any data storage or communication system in use;
     (1)(c) information from books, records, electronic data processing systems, computers, or any other information storage system be made available to the department:

          (1)(c)(i) at any reasonable time; and
          (1)(c)(ii) in any reasonable manner; and
     (1)(d) timely delivery to the National Association of Insurance Commissioners or other entity that gathers insurance industry information, a copy of the statistical data prepared for and submitted to the department, as specified by the commissioner.
(2)

     (2)(a) Subject to the requirements of this Subsection (2), the commissioner may:

          (2)(a)(i) prescribe forms for the information under Subsection (1); and
          (2)(a)(ii) specify who shall execute or certify the information under Subsection (1).
     (2)(b) The forms prescribed under this Subsection (2) shall be consistent, to the extent practicable, with those prescribed by other jurisdictions.
     (2)(c) The commissioner shall use the annual statement forms developed by the National Association of Insurance Commissioners for:

          (2)(c)(i) basic financial data; and
          (2)(c)(ii) market regulation analysis.
(3)

     (3)(a) Subject to the requirements of this Subsection (3), the commissioner may prescribe reasonable minimum standards and techniques of accounting and data handling to ensure that timely and reliable information exists and can be made available.
     (3)(b) The standards and techniques prescribed under this Subsection (3) shall be consistent, to the extent practicable, with those prescribed by other states.
(4)

     (4)(a) A person listed in Subsection (4)(b) shall reply promptly in writing or in other designated form to a reasonable written inquiry from the commissioner.
     (4)(b) This Subsection (4) applies to any person with executive authority over or in charge of any segment of the affairs of:

          (4)(b)(i) an insurer authorized to do or doing an insurance business in this state;
          (4)(b)(ii) the affiliate of an insurer authorized to do or doing an insurance business in this state; and
          (4)(b)(iii) any other person licensed under this title.
(5) The commissioner may:

     (5)(a) require that any communication made under this section be verified; and
     (5)(b) specify by whom a communication shall be verified.
(6) All information submitted to the commissioner shall be accurate and complete.
(7) In the absence of actual malice, no communication to the commissioner required by law or by the commissioner subjects the person making it to an action for damages for defamation.

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