Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate advances major insurance code amendments aligned with NAIC recommendations
Summary
Senators advanced a package of insurance code changes designed to align Utah law with National Association of Insurance Commissioners (NAIC) model provisions, including holding-company rules, annual CPA audits, and actuarial opinion requirements. Sponsors said the changes followed lengthy interim committee work and industry engagement.
Senate Bill 23, a comprehensive set of amendments to the insurance code, was advanced on the Senate floor after sponsors described months of interim committee study and agreement among industry representatives and the Insurance Commissioner’s office. Senator Chuck Peterson summarized nine principal changes, including updated accounting practices,…
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
