Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House approves life insurance, annuities amendments to require cover-page disclosures and longer record retention
Summary
The Utah House adopted an amendment and passed House Bill 201 to make rulemaking by the insurance commissioner permissive, require brief policy descriptions on life insurance/annuity cover pages, and extend record retention to the policy term plus five years; final passage was recorded 70–0.
House Bill 201, sponsored by Representative Dunnigan, cleared the House after the body adopted an amendment to reflect committee changes and voted for final passage.
Dunnigan said the bill makes a currently mandatory rulemaking requirement for the insurance commissioner permissive — "the commissioner may do it if rules are needed, but he doesn't have to if we don't need…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
