reglab/statecodes huggingface dataset:
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 410 - Trustee and deposit agreements.

31A-22-410.
Trustee and deposit agreements.
(1) An insurer may hold as a part of its general assets the proceeds of any life insurance policy or annuity under a trust or other agreement, upon the terms and restrictions as to revocation by the policyholder and control by the beneficiary, and with the exemptions from the claims of creditors of the beneficiary as the insurer and the policyholder agree to in writing and as are otherwise recognized by law.
(2) An insurer may also receive funds in amounts and upon conditions which the insurer and the policyholder agree to in writing:
(a) as premiums in advance upon life insurance policies or annuities; or
(b) to accumulate for the purchase of future life insurance policies or annuities.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 411 - Insurance policies providing variable benefits.

31A-22-411.
Insurance policies providing variable benefits.
(1) An insurance policy that provides for payment of a benefit in a variable amount shall contain a statement of the essential features of the procedure to be followed by the insurer in determining the dollar amount of the variable benefits.
(2) A variable insurance policy shall contain:
(a) an appropriate nonforfeiture benefit in lieu of those required by either Section 31A-22-408 or 31A-22-409;
(b) an appropriate reinstatement provision in lieu of those required by Section 31A-22-407; and
(c) a grace period provision appropriate to that type of insurance policy in lieu of those required by Section 31A-22-402.
(3) An individual insurance policy and a certificate issued under a group insurance policy shall conspicuously state on its first page that:
(a) the dollar amount may decrease or increase according to investment experience; and
(b) a benefit under the insurance policy is payable on a variable basis.
(4) A life insurance or annuity policy with a variable benefit issued under a separate account shall, on either the application or the insurance policy, state that the insurer's liabilities with respect to a variable benefit under the insurance policy are subject to satisfaction only out of the insurer's variable account assets.
(5)
(a) A variable insurance policy shall state whether it may be amended as to:
(i) investment policy;
(ii) voting rights; and
(iii) conduct of the business and affairs of a separate account.
(b) Subject to any preemptive provision of federal law, an amendment of the type described in this Subsection (5) is subject to:
(i) filing under Section 31A-21-201; and
(ii) approval by a majority of the policyholders in the separate account.
Amended by Chapter 10, 2010 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 412 - Assignment of life insurance rights.

Effective 5/12/2020
31A-22-412.
Assignment of life insurance rights.
(1) As used in this section, "final termination of a policy" means the day after which an insurer will not reinstate a policy without requiring:
(a) evidence of insurability; or
(b) written application.
(2)
(a) Except as provided under Subsection (4), the owner of any rights in a life insurance policy or annuity contract may assign any of those rights, including any right to designate a beneficiary and the rights secured under Sections 31A-22-517 through 31A-22-521 and any other provision of this title.
(b) An assignment, valid under general contract law, vests the assigned rights in the assignee, subject, so far as reasonably necessary for the protection of the insurer, to any provisions in the insurance policy or annuity contract inserted to protect the insurer against double payment or obligation.
(3) The rights of a beneficiary under a life insurance policy or annuity contract are subordinate to those of an assignee, unless the beneficiary was designated as an irrevocable beneficiary prior to the assignment.
(4) Assignment of insurance rights may be expressly prohibited by an annuity contract which provides annuities as retirement benefits related to employment contracts.
(5)
(a) After July 1, 1986, when a life insurance policy or annuity is assigned in writing as security for an indebtedness, the insurer shall mail to the assignee a copy of any cancellation notice sent with respect to the policy, if the insurer has received:
(i) written notice of the assignment;
(ii) the name and address of the assignee; and
(iii) a request for assignment notice from the assignee.
(b) An insurer shall mail the cancellation notice described in Subsection (5)(a):
(i) prepaid, and addressed to the assignee's address filed with the insured;
(ii) not less than 10 days before the final termination of the policy; and
(iii) each time the insured fails or refuses to transmit a premium payment to the insurer before the commencement of the policy's grace period.
(c) The insurer may charge the insured directly or charge against the policy the reasonable cost of complying with this section, but in no event to exceed $5 for each notice.
(6) In lieu of providing notices to assignees of final termination of the policy under Subsection (5), an insurer may provide an assignee with an identical copy of all notices sent to the owner of the life insurance policy, provided these notices comply with the other requirements of this title.
Amended by Chapter 32, 2020 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 413 - Designation of beneficiary.

Effective 5/12/2020
31A-22-413.
Designation of beneficiary.
(1) Subject to Subsection 31A-22-412(3), no life insurance policy or annuity contract may restrict the right of a policyholder or certificate holder:
(a) to make an irrevocable designation of beneficiary effective immediately or at some subsequent time; or
(b) if the designation of beneficiary is not explicitly irrevocable, to change the beneficiary without the consent of the previously designated beneficiary. Subsection 75-6-201(1)(c) applies to designations by will or by separate writing.
(2)
(a) An insurer may prescribe formalities to be complied with for the change of beneficiaries, but those formalities may only be designed for the protection of the insurer. Notwithstanding Section 75-2-804, the insurer discharges its obligation under the insurance policy or certificate of insurance if it pays the properly designated beneficiary unless it has actual notice of either an assignment or a change in beneficiary designation made pursuant to Subsection (1)(b).
(b) The insurer has actual notice if the formalities prescribed by the policy are complied with, or if the change in beneficiary has been requested in the form prescribed by the insurer and delivered to an agent representing the insurer at least three days prior to payment to the earlier properly designated beneficiary.
Amended by Chapter 32, 2020 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 417 - Physical examination and autopsy.

31A-22-417.
Physical examination and autopsy.
A life insurer may, at its own expense, examine the body of the insured when and as often as the insurer reasonably requires during the pendency of a claim, and it may make an autopsy in case of death where it is reasonably necessary and not forbidden by law.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 418 - Participating and nonparticipating policies.

31A-22-418.
Participating and nonparticipating policies.
(1)
(a) A stock insurer and a mutual insurer may issue both participating and nonparticipating life insurance policies and annuity contracts, subject to this section.
(b) A fraternal insurer issuing life insurance policies in this state may only issue participating policies, except for the following nonparticipating policies:
(i) paid-up, temporary, pure endowment insurance, and annuity settlements provided in exchange for lapsed, surrendered, or matured policies;
(ii) annuities beginning within one year of the making of the contract; and
(iii) those term insurance policies which the commissioner exempts by rule.
(2) Every participating policy shall by its terms give its holder full right to participate annually in the surplus accumulations from the participating business of the insurer that are distributed.
(3) Every insurer issuing both participating and nonparticipating policies shall separately account for the two classes of business.
(4)
(a) No life insurance policy or certificate may be issued in which the accounting, apportionment, and distribution of surplus is deferred for a period longer than three years.
(b) Every insurer doing a participating business shall annually ascertain the surplus over required reserves and other liabilities. After setting aside the contingency reserves it considers necessary and as are required by law, the reasonable nondistributable surplus needed to permit orderly growth, making provision for the payment of reasonable dividends upon capital stock and those sums as are required by prior contracts to be held for deferred dividend policies, the remaining surplus shall be equitably apportioned and returned as a dividend to the participating policyholders or certificate-holders entitled to share in the dividend. A dividend may be conditioned on the payment of the succeeding year's premium only on the first and second anniversaries of the policy.
Amended by Chapter 204, 1986 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 419 - Insurer's purchase of and loans on policies.

31A-22-419.
Insurer's purchase of and loans on policies.
Any life insurer may purchase for its own benefit any policy of insurance or other obligation of the company and any claim of its policyholders. The insurer may also lend to the holders of policies of the company a sum which does not exceed the sum of the cash value of the policies and the surplus or dividend additions to the policies. The policies and all additions to them shall be security for payment of the loan. An insurer's security interest in a policy under this section need not be filed under Title 70A, Chapter 9a, Uniform Commercial Code - Secured Transactions, to be perfected.
Amended by Chapter 252, 2000 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 421 - Facility of payment under certain life insurance policies.

31A-22-421.
Facility of payment under certain life insurance policies.
A life insurance policy with a face value of $5,000 or less may provide that if the beneficiary designated in the policy does not make a claim under the policy or does not surrender the policy with due proof of death within a period stated in the policy, which may not be less than 30 days after the death of the insured, or if the beneficiary is the estate of the insured, or is a minor, or dies before the insured, or is not legally competent to give a valid release, then the insurer may make any payment under the policy to the executor or administrator of the insured, or to any relative of the insured by blood or legal adoption or connection by marriage, or to any person appearing to the insurer to be equitably entitled to the payment by reason of having incurred expense for the maintenance, medical attention, or burial of the insured, or for other reasons. The policy may also include a similar provision applicable to any other payment due under the policy.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 422 - Conditional coverage.

31A-22-422.
Conditional coverage.
Conditional or binding receipts or other documents issued by a life insurer, whatever they are named, which conditionally grant life insurance coverage prior to physical delivery of the policy are subject to the form filing requirements under Section 31A-21-201.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 423 - Policy and annuity examination period.

31A-22-423.
Policy and annuity examination period.
(1)
(a) Except as provided under Subsection (2), a life insurance policy, life insurance certificate, annuity contract, or annuity certificate shall contain a notice prominently printed on or attached to the cover or front page of the policy, contract, or certificate stating that the policyholder, contract holder, or certificate holder has the right to return the policy, contract, or certificate for any reason on or before:
(i) 10 days after the day on which the policy, contract, or certificate is delivered; or
(ii) in case of a replacement policy, contract, or certificate, 30 days after the day on which the replacement policy, contract, or certificate is delivered.
(b) For purposes of this section, "return" means a writing that:
(i) the policy, contract, or certificate is being returned for termination of coverage;
(ii) is:
(A) a written statement on the policy, contract, or certificate; or
(B) a writing that accompanies the policy, contract, or certificate; and
(iii) is delivered to or mailed first class to the insurer or the insurer's agent.
(c) A policy, contract, or certificate returned under this section is void from the date of issuance.
(d) A policyholder, contract holder, or certificate holder returning a policy or certificate is entitled to a refund of any premium paid.
(2) This section does not apply to:
(a) group term life insurance issued under Section 31A-22-502;
(b) a group master policy;
(c) a noncontributory certificate;
(d) a credit life insurance certificate; and
(e) other classes of life insurance policies that the commissioner specifies by rule after finding that a right to return those life insurance policies would be impracticable or unnecessary to protect the policyholder's interests.
Amended by Chapter 307, 2007 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 424 - Documents constituting entire life insurance policy.

31A-22-424.
Documents constituting entire life insurance policy.
(1) A life insurance policy shall contain a provision that defines the documents and agreements that constitute the entire contract between the parties.
(2) Except as permitted by Section 31A-21-106, all documents and agreements defined under Subsection (1) shall be attached to the policy.
Enacted by Chapter 116, 2001 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 425 - Rulemaking authority for standards related to life insurance and annuities.

31A-22-425.
Rulemaking authority for standards related to life insurance and annuities.
In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules to establish standards for any of the following:
(1) if used in connection with the solicitation or sale of life insurance policies and contracts:
(a) a buyer's guide;
(b) a disclosure;
(c) an illustration;
(d) a policy summary; or
(e) a recommendation; and
(2) in a life insurance policy, annuity contract, or life insurance or annuity certificate:
(a) a definition of a term;
(b) a disclosure;
(c) an exclusion; or
(d) a limitation.
Amended by Chapter 382, 2008 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 426 - Coverage description.

31A-22-426.
Coverage description.
(1) Each life insurance policy, annuity contract, and certificate of life insurance shall contain a brief description printed on the cover page.
(2) The description shall include:
(a) the type of insurance;
(b) whether it is participating or nonparticipating;
(c) a significant limitation stated or included in the filed policy, contract, or certificate; and
(d) a significant specific feature stated or included in the filed policy, contract, or certificate.
Enacted by Chapter 125, 2005 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 427 - Life insurance and annuity policy records.

31A-22-427.
Life insurance and annuity policy records.
A life insurer, and its successors, shall maintain all records that affect the legal effect of a life insurance policy, annuity contract, or certificate of life insurance for the term of the insurance plus five years.
Enacted by Chapter 125, 2005 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 428 - Interest payable on life insurance proceeds.

Effective 5/13/2014
31A-22-428.
Interest payable on life insurance proceeds.
(1) For a life insurance policy delivered or issued for delivery in this state on or after May 5, 2008, the insurer shall pay interest on the death proceeds payable upon the death of the insured.
(2)
(a) Except as provided in Subsection (4), for the period beginning on the date of death and ending the day before the day described in Subsection (3)(b), interest under Subsection (1) shall accrue at a rate no less than the greater of:
(i) the rate applicable to policy funds left on deposit; and
(ii) the Two Year Treasury Constant Maturity Rate as published by the Federal Reserve.
(b) If there is no rate applicable to policy funds on deposit as stated in Subsection (2)(a)(i), then the Two Year Treasury Constant Maturity Rates as published by the Federal Reserve applies.
(c) The rate described in Subsection (2)(a) or (b) is the rate in effect on the day on which the death occurs.
(d) Interest is payable until the day on which the claim is paid.
(3)
(a) Unless the claim is paid and except as provided in Subsection (4), beginning on the day described in Subsection (3)(b) and ending the day on which the claim is paid, interest shall accrue at the rate in Subsection (2) plus additional interest at the rate of 10% annually.
(b) Interest accrues under Subsection (3)(a) beginning with the day that is 31 days from the latest of:
(i) the day on which the insurer receives proof of death;
(ii) the day on which the insurer receives sufficient information to determine:
(A) liability;
(B) the extent of the liability; and
(C) the appropriate payee legally entitled to the proceeds; and
(iii) the day on which:
(A) legal impediments to payment of proceeds that depend on the action of parties other than the insurer are resolved; and
(B) the insurer receives sufficient evidence of the resolution of the legal impediments described in Subsection (3)(b)(iii)(A).
(4) A court of competent jurisdiction may require payment of interest from the date of death to the day on which a claim is paid at a rate equal to the sum of:
(a) the rate specified in Subsection (2); and
(b) the legal rate identified in Subsection 15-1-1(2).
Amended by Chapter 290, 2014 General Session
Amended by Chapter 300, 2014 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 429 - Producer's duties related to replacement of life insurance or annuity.

31A-22-429.
Producer's duties related to replacement of life insurance or annuity.
(1) In connection with or as part of each application for life insurance or annuities, the applicant shall complete and the producer shall submit to the insurer the statements required by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, as to:
(a) whether the applicant has existing policies or contracts; and
(b) whether the proposed life insurance or annuity will replace, discontinue, or change an existing policy or contract.
(2) If an applicant for life insurance or an annuity answers "yes" to the question regarding replacement, discontinuance, or change of an existing policy or contract referred to in Subsection (1), the producer shall present to the applicant, not later than at the time of taking the application, the notice regarding replacements in the form adopted by the commissioner by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, or other substantially similar document filed with the commissioner.
(3)
(a) The notice described in Subsection (2) shall:
(i) list each existing policy or contract contemplated to be replaced, properly identified by name of insurer, the insured or annuitant, and policy or contract number if available; and
(ii) include a statement as to whether each policy or contract will be replaced or whether a policy will be used as a source of financing for the new policy or contract.
(b) If a policy or contract number has not been issued by the existing insurer, alternative identification, such as an application or receipt number, shall be listed.
(4) In connection with a replacement transaction, the producer shall leave with the applicant by no later than at the time of policy or contract delivery the original or a copy of all printed sales material. With respect to electronically presented sales material, it shall be provided to the policy or contract holder in printed form no later than at the time of policy or contract delivery.
(5) Except as provided in rule made by the commissioner in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, in connection with a replacement transaction, the producer shall submit to the insurer to which an application for a policy or contract is presented:
(a) a copy of each document required by this section;
(b) a statement identifying any preprinted or electronically presented company approved sales materials used; and
(c) copies of any individualized sales materials, including any illustrations related to the specific policy or contract purchased.
Enacted by Chapter 319, 2013 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 430 - Policy notification.

Effective 5/5/2021
31A-22-430.
Policy notification.
(1)
(a) An insurer that delivers or issues for delivery an individual life insurance policy in this state shall notify the applicant for the policy, in writing at the time of application for the policy, of an applicant's right to designate a third party to receive notice of lapse or cancellation of the policy based on nonpayment of premium.
(b) An applicant may make a designation described in Subsection (1)(a) at the time of application for the policy, or at any time the policy is in force, by submitting a written notice to the insurer containing the name and address of the third-party designee.
(2) In accordance with Subsection 31A-22-402(5), an insurer shall transmit a copy of a notice of lapse or cancellation of the policy based on nonpayment of premium to a third party designated in accordance with this section in addition to the transmission of the notice of lapse or cancellation of the policy to the policyholder.
(3) The designation of a third party under this section does not constitute acceptance of any liability on the part of the third party or insurer for a service provided to the policyholder.
Amended by Chapter 221, 2021 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 4 - Life Insurance and Annuities › Section 431 - Living organ donor coverage.

Effective 5/12/2020
31A-22-431.
Living organ donor coverage.
(1) For the purposes of this section, "living organ donor" means the same as that term is defined in Section 31A-22-655.
(2) An insurer may not:
(a) deny eligibility for coverage or limit coverage of a individual under a life insurance policy or contract solely due to the status of the individual as a living organ donor;
(b) preclude an individual from donating all or part of an organ as a condition of receiving or continuing to receive coverage under a life insurance policy or contract; or
(c) discriminate in the offering, issuance, cancellation, amount of coverage, price, or any other condition of a life insurance policy or contract for an individual based upon the status of the individual as a living organ donor without any additional actuarial risk.
(3) The commissioner shall make educational materials available to insurers and the public on the access of living organ donors to insurance.
(4) The commissioner may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, to implement the provisions of this section.
Enacted by Chapter 128, 2020 General Session
Technically renumbered to avoid duplication of section number also enacted in HB37, Chapter 32.
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 501 - Eligible groups.

Effective 5/5/2021
31A-22-501.
Eligible groups.
A group insurance policy offering life insurance or a blanket insurance policy offering life insurance may not be delivered in Utah unless the insured group:
(1) falls within at least one of the classifications under Sections 31A-22-501.1 through 31A-22-509; and
(2) is formed and maintained in good faith for purposes other than obtaining insurance.
Amended by Chapter 252, 2021 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 501.1 - Employer groups.

31A-22-501.1.
Employer groups.
(1) The lives of a group of individuals may be insured under a policy:
(a) issued as a policyholder, to:
(i) an employer; or
(ii) an employer sponsored trust for the benefit of the employer's employees;
(b) having an insurable interest as stated in Subsection 31A-21-104(3)(d); and
(c) subject to the requirement of Subsection 31A-21-104(3)(d)(v).
(2) A policy issued under this section is not subject to:
(a) Section 31A-21-311; and
(b) Sections 31A-22-516 through 31A-22-522.
Amended by Chapter 263, 2008 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 502 - Employee groups.

31A-22-502.
Employee groups.
(1) As used in this section:
(a) "Employees" includes:
(i) for one or more affiliated corporations, proprietorships, or partnerships under common control, their:
(A) officers;
(B) managers;
(C) retired employees; and
(D) individual proprietors or partners; and
(ii) for a trusteeship, if their duties are primarily connected with the trusteeship:
(A) trustees;
(B) employees of trustees; or
(C) both Subsection (1)(a)(ii)(A) and (B).
(b) "Employer" includes a Utah public agency.
(c)
(i) "Utah public agency" means a public institution that:
(A) derives its authority from this state; and
(B) is not privately owned.
(ii) "Utah public agency" includes:
(A) a local political subdivision as defined in Section 11-14-102;
(B) the state;
(C) a department or agency of the state; and
(D) all public educational institutions.
(2) The lives of a group of individuals may be insured under a policy:
(a) issued as policyholder, to:
(i) an employer; or
(ii) the trustees of a fund established by an employer;
(b) insuring employees of the employer for the benefit of persons other than the employer; and
(c) subject to the requirements of Subsections (3) through (5).
(3)
(a) All the employer's employees or all of any class of employees of the employer shall be eligible for insurance under the policy described in Subsection (2).
(b) A policy issued to insure the employees of a public body may include elected or appointed officials.
(4) A Utah public agency may pay or authorize the payment out of the Utah public agency's corporate revenue, the premiums required to maintain the group insurance in force.
(5)
(a) The premiums for the policy described in Subsection (2) shall be paid by the policyholders:
(i) from the employer's funds;
(ii) funds contributed by the insured employees; or
(iii) both the funds described in Subsections (5)(a)(i) and (ii).
(b) Except as provided under Section 31A-22-512, a policy on which no part of the premium is contributed by the insured employees shall insure all eligible employees.
Amended by Chapter 105, 2005 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 503 - Labor union or similar employee organization groups.

31A-22-503.
Labor union or similar employee organization groups.
The lives of a group of individuals may be insured under a policy issued to a labor union or similar employee organization as policyholder. This policy shall insure members of the union or organization for the benefit of persons other than the union or organization or of any of its officials, representatives, or agents, subject to the following requirements:
(1) The members eligible for the insurance are all of the members or all of any classes of the members.
(2) The premium for the policy shall be paid by the policyholder, either from funds of the union or organization, from funds contributed by the insured members specifically for their insurance, or from both. Except as provided under Section 31A-22-512, a policy on which no part of the premium is contributed by the insured members specifically for their insurance shall insure all eligible members.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 504 - Trustee groups.

Effective 5/5/2021
31A-22-504.
Trustee groups.
(1) A group insurance policy offering life insurance may be issued to:
(a) policyholders who are the trustees of a fund established by two or more employers, by one or more labor unions, or similar employee organizations, or by one or more employers and one or more labor unions or similar employee organizations, to insure employees of the employers or members of the unions or the organizations for the benefit of persons other than the employers, the unions, or the organizations; or
(b) notwithstanding Subsection 31A-22-501(2):
(i) a Taft Hartley trust created in accordance with Section 302(c)(5) of the Federal Labor Management Relations Act; or
(ii) a trustee under a trust established for the purpose of facilitating the continuation of a policy when an individual's coverage would otherwise end, if the participating group through which the original coverage was offered would be eligible under this section, Section 31A-22-502, or Section 31A-22-503.
(2) A group insurance policy offering life insurance is subject to the following requirements:
(a) the persons eligible for insurance are all of the employees of the employers or all of the members of the unions or organizations, or all of any classes of employees or members;
(b) the policy may include retired or former employees or members, elected and appointed officials of a public agency if the employees of the agency are insured, and individual proprietors or partners who are employers;
(c) the policy may include the trustees or the trustees' employees, or both, if their duties are principally connected with the trusteeship;
(d) the premiums for the policy are paid by the policyholders from funds contributed by the employers, unions, or similar employee organizations, or from funds contributed by the insured persons, or any combination of these; and
(e) except as provided under Section 31A-22-512, a policy on which no part of the premium is contributed by the insured persons specifically for the insured persons' insurance is required to insure all eligible persons.
Amended by Chapter 252, 2021 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 506 - Creditor groups to insure debtors.

31A-22-506.
Creditor groups to insure debtors.
(1) To insure debtors of a creditor, a group life insurance policy may be issued to a policyholder who is any of the following:
(a) the creditor;
(b) the creditor's parent holding company; or
(c) trustees or agents designated by two or more creditors.
(2) A policy described in Subsection (1) is subject to the requirements of this Subsection (2).
(a)
(i) The persons eligible for insurance are:
(A) all of the debtors of the creditors; or
(B) all of any classes of debtors.
(ii) The policy may provide that "debtors" includes:
(A) borrowers of money, or purchasers or lessees of goods, services, property, rights, or privileges for which payment is arranged through a credit transaction; and
(B) the debtors of one or more affiliated corporations, proprietorships, or partnerships under common control with the policyholder.
(b)
(i) The premiums shall be paid by the policyholder, from:
(A) the creditor's funds;
(B) charges collected from the insured debtors; or
(C) from both Subsections (2)(b)(i)(A) and (B).
(ii) Except as provided under Section 31A-22-512, a policy on which no part of the premium is contributed by insured debtors specifically for their insurance shall insure all eligible debtors.
(c)
(i) To the extent of the creditor's interest, the insurance may be payable to the creditor or to any successor to the right, title, and interest of the creditor.
(ii) The payment shall reduce or extinguish the obligation of the debtor to the extent of the payment.
(iii) When the amount of insurance exceeds the debt, the excess is payable to a beneficiary other than the creditor named by the debtor, or to the debtor's estate.
(d) Group policies issued under this section are not subject to Sections 31A-22-516 through 31A-22-521.
Amended by Chapter 125, 2005 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 507 - Credit union groups.

31A-22-507.
Credit union groups.
(1) The lives of a group of individuals may be insured under a policy issued to a policyholder who is:
(a) a credit union; or
(b) trustees or agents designated by two or more credit unions.
(2) A policy described in Subsection (1) shall insure members of a credit union for the benefit of persons other than:
(a) the credit union;
(b) trustees of the credit union;
(c) agents of the credit union; or
(d) an official of an entity described in Subsections (2)(a) through (c).
(3) The policies are subject to the requirements of this Subsection (3).
(a) The persons eligible for insurance are:
(i) all of the members of the credit union; or
(ii) all of any classes of the members of the credit union.
(b) The premiums shall be paid by the policyholder. Except as provided in Section 31A-22-512, a policy on which no part of the premium is collected from the covered members specifically for their insurance shall insure all eligible members.
(c) A group policy issued under this section is not subject to Sections 31A-22-517 through 31A-22-521.
Amended by Chapter 125, 2005 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 508 - National Guard groups.

Effective 5/4/2022
31A-22-508.
National Guard groups.
(1) A policy of group life insurance may be issued to a group comprised solely of members of the Utah National Guard if the group policy is issued to an association of members.
(2) The association is the policyholder to insure members of the Utah National Guard for the benefit of persons other than the association or any of its officials.
(3) The premium for the policy shall be paid by the policyholder, either from the association's own funds, or from charges collected from the insured members specifically for the insurance.
Amended by Chapter 373, 2022 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 509 - Commissioner's authority to approve other groups.

31A-22-509.
Commissioner's authority to approve other groups.
A policy may be issued to a group other than those specified under Sections 31A-22-502 through 31A-22-508, if specifically authorized by the commissioner and if granting the permission is not contrary to public policy. The commissioner may not grant permission to issue these types of policies unless the insurer demonstrates to the commissioner's satisfaction that the proposed group would be actuarially sound, would result in economies of acquisition and administration which justify a group rate, and would not present hazards of adverse selection. The premiums for the policy shall be paid by the policyholder, either from the policyholder's funds or from funds contributed by the covered persons, or from both. Premiums for the policy and any contributions by or on behalf of the insured persons shall be reasonable in relation to the benefits provided.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 510 - Requirements for group life insurance delivered in another jurisdiction.

31A-22-510.
Requirements for group life insurance delivered in another jurisdiction.
(1) A Utah resident may not be enrolled in a policy of group life insurance delivered in another jurisdiction in violation of Subsection (2) or (3), notwithstanding any contrary provision in Subsection 31A-1-103(3).
(2) Unless specifically authorized by the commissioner under Section 31A-22-509, coverage under a group life insurance policy delivered in another jurisdiction may not be initially provided to any person unless the policy conforms substantially to one of the types of groups specified under Sections 31A-22-502 through 31A-22-508.
(3) Coverage may not be initially provided to any person in Utah under a group life policy issued in another jurisdiction by an insurer not authorized to engage in life insurance business in Utah unless the policyholder conforms substantially to the type of group specified under Section 31A-22-502, 31A-22-503, or 31A-22-504.
Amended by Chapter 116, 2001 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 511 - Dependents' coverage.

31A-22-511.
Dependents' coverage.
Any group life policy issued under Sections 31A-22-502 through 31A-22-505 or Section 31A-22-509 may insure the employees or members against loss due to the death of their spouses and dependent children, or any classes of the employees or members. The premiums for the insurance shall be paid by the policyholder from funds contributed by the person to whom the policy has been issued, from funds contributed by the covered persons, or from both. Except as provided under Section 31A-22-512, a policy on which no part of the premium for the dependent's coverage is contributed by the covered persons shall insure all insured persons, including their spouses and dependent or minor children.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 512 - Individual insurability.

31A-22-512.
Individual insurability.
(1) An insurer may exclude or limit the coverage under a group life policy on any person, including a group member's dependent, as to whom the evidence of individual insurability is not satisfactory to the insurer.
(2) The group life insurance policy shall contain a provision setting forth the conditions, if any, under which the insurer reserves the right to require a person eligible for insurance to furnish satisfactory evidence to the insurer of the individual insurability as a condition to part or all of his coverage.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 513 - Grace period.

31A-22-513.
Grace period.
(1)
(a) Every group life insurance policy shall contain a provision that the policyholder is entitled to a grace period of not less than 31 days for the payment of any premium due except the first payment of premium.
(b) During the grace period described in Subsection (1)(a) the death benefit coverage continues in force, unless the policyholder gives the insurer written notice of discontinuance:
(i) in advance of the date of discontinuance; and
(ii) in accordance with the policy terms.
(2) The policy may require the policyholder to pay the pro rata premium for the time the policy is in force during the grace period.
Amended by Chapter 114, 2000 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 514 - Incontestability.

31A-22-514.
Incontestability.
The group life insurance policy shall contain a provision that the validity of the policy may not be contested, except for nonpayment of premiums, after it has been in force for two years from its date of issue. This provision shall also state that no statement made by any person insured under the policy relating to his insurability may be used in contesting the validity of the insurance with respect to which the statement was made after the insurance has been in force, prior to the contest, for a period of two years during the person's lifetime, nor may the statement be used unless it is contained in a written instrument signed by him. This type of provision does not preclude the assertion of defenses based upon provisions in the policy which relate to eligibility for coverage.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 515 - Nonforfeiture.

31A-22-515.
Nonforfeiture.
If the group life insurance policy is not a term policy, it shall contain nonforfeiture provisions which the commissioner determines to be equitable to the insured persons and to the policyholder. The commissioner may not require that group life insurance policies contain the same nonforfeiture provisions which are required for individual life insurance policies.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 516 - Payment of benefits.

31A-22-516.
Payment of benefits.
Any sum which is due because of the death of the person insured is payable to the beneficiary designated by the insured person, unless the policy contains conditions providing that the beneficiary is a family member designated by the policy terms. The insurer may reserve in the policy the right, if there is no designated beneficiary living at the death of the person insured as to all or any part of the sum, to pay a part of the sum not exceeding $5,000 to any person appearing to the insurer to be equitably entitled to that money by reason of having incurred expense for the maintenance, medical attention, or burial of the insured or for other reasons.
Enacted by Chapter 242, 1985 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 517 - Conversion on termination of eligibility.

Effective 5/5/2021
31A-22-517.
Conversion on termination of eligibility.
(1) Except as provided in Subsection (6), a person is entitled to be issued by an insurer, without evidence of insurability, an individual policy offering life insurance without accident and health or other supplementary benefits, if:
(a) any portion of insurance on a person covered by a policy ceases because of:
(i) termination of employment; or
(ii) termination of membership in the classes eligible for coverage;
(b) an application for the individual policy is made; and
(c) the first premium is paid to the insurer within 31 days after the day on which the termination described in Subsection (1)(a) occurs.
(2) The individual policy described in Subsection (1) shall, at the option of the person entitled to the policy, be on any form then customarily provided by the insurer at the age and for the amount applied for, except that the group policy may exclude the option to elect:
(a) term insurance; or
(b) flexible premium insurance.
(3)
(a) The individual policy described in Subsection (1) shall be for an amount equal to or, at the election of the person entitled, less than the life insurance that ceases because of the termination described in Subsection (1)(a), less the amount of any group life insurance for which the person is eligible within 30 days after the day on which the termination described in Subsection (1)(a) occurs.
(b) Any amount of insurance that matures on or before the termination, as an endowment payable to the person insured, is not included in the amount that is considered to cease because of the termination whether the endowment payment is in:
(i) one sum;
(ii) installments; or
(iii) the form of an annuity.
(4) The premium on the individual policy described in Subsection (1) shall be at the insurer's customary rate at the time of termination, which is applicable to:
(a) the form and amount of the individual policy;
(b) the class of risk to which the person belonged when terminated from the group policy; and
(c) the age attained on the effective date of the individual policy.
(5) Subject to the conditions of this section, the conversion privilege described in this section is available:
(a) to a surviving dependent, if any, at the death of the employee or member, with respect to the survivor's coverage under the group policy that terminates by reason of the death; and
(b) to the dependent of the employee or member upon termination of coverage of the dependent, while the employee or member remains insured, because the dependent ceases to be a qualified dependent under the group policy.
(6) This section does not apply to an insured whose coverage will continue being the policy of group life insurance issued to a group as authorized under Subsection 31A-22-504(1)(b)(ii).
Amended by Chapter 252, 2021 General Session
2023 Utah Code › Title 31A - Insurance Code › Chapter 22 - Contracts in Specific Lines › Part 5 - Group Life Insurance › Section 518 - Conversion on termination of policy.

31A-22-518.
Conversion on termination of policy.
(1) Subject to Subsection (2), if the group policy terminates or is amended to terminate the insurance of any class of covered persons, every insured person whose insurance terminates, including the insured dependent of a covered person who has been insured for at least five years prior to the termination date, is entitled to have the insurer issue to the person an individual policy of life insurance, subject to the conditions and limitations in Section 31A-22-517.
(2) The group policy described in Subsection (1) shall provide that the amount of the individual policy may not be less than the smaller of:
(a) the amount of the person's life insurance protection ceasing because of the termination or amendment of the group policy, less the amount of any life insurance for which the person is eligible under any group policy issued or reinstated by the same or another insurer within 30 days after the termination; or
(b) $10,000.
Amended by Chapter 116, 2001 General Session