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27-1-18
Section 27-1-18 Contract providing for mental health services to entitle insured to
reimbursement for outpatient and inpatient services by qualified psychiatrist or psychologist.
(a) Whenever any group, or blanket hospital or medical expense insurance policy or hospital
or medical service contract issued for delivery in this state provides for the reimbursement
of health or health related services which includes mental health services, and such services
are within the lawful scope of practice of a duly qualified psychiatrist or psychologist,
the insured or other person entitled to benefits under such policy or contract shall be entitled
to reimbursement for outpatient services, and inpatient services if requested by the attending
physician, performed by a duly qualified psychiatrist or psychologist notwithstanding any
provisions of the policy or contract to the contrary. (b) For purposes of this section,
a duly qualified psychologist means, one who is duly licensed or certified at the...
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27-31A-4
Section 27-31A-4 Risk retention groups not chartered in this state. Risk retention groups
chartered and licensed in states other than this state and seeking to do business as a risk
retention group in this state shall comply with the laws of this state as follows: (1) NOTICE
OF OPERATIONS AND DESIGNATION OF COMMISSIONER AS AGENT. a. Before offering insurance in this
state, a risk retention group shall submit to the commissioner both of the following: 1. A
statement identifying the state or states in which the risk retention group is chartered and
licensed as a liability insurance company, charter date, its principal place of business,
and other information, including information on its membership, as the commissioner of this
state may require to verify that the risk retention group is qualified pursuant to subdivision
(11) of Section 27-31A-2. 2. A copy of its plan of operations or feasibility study
and revisions of the plan or study submitted to the state in which the risk retention...
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27-37-1
Section 27-37-1 Assets - Generally. In any determination of the financial condition
of an insurer, there shall be allowed as assets only such assets as are owned by the insurer
and which consist of: (1) Cash in the possession of the insurer or in transit under its control,
and including the true balance of any deposit in a solvent bank or trust company; (2) Investments,
securities, properties, and loans acquired, or held, in accordance with this title and in
connection therewith the following items: a. Interest due or accrued on any bond or evidence
of indebtedness which is not in default and which is not valued on a basis including accrued
interest; b. Declared and unpaid dividends on stock and shares, unless such amount has otherwise
been allowed as an asset; c. Interest due or accrued upon a collateral loan in an amount not
to exceed one year's interest thereon; d. Interest due or accrued on deposits in solvent banks
and trust companies, and interest due or accrued on other assets,...
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27-56-10
Section 27-56-10 Vision care providers - Contract requirements; rates; reimbursements;
discounts. (a) As used in this section, the following words shall have the following
meanings: (1) CONTRACTUAL DISCOUNT. A percentage reduction from a provider's usual and customary
rate for covered services and materials required under a participating provider agreement.
(2) COVERED MATERIALS. Materials for which reimbursement from the insurer or vision care plan
is provided to a vision care provider by an enrollee's plan contract, or for which a reimbursement
would be available but for the application of the enrollee's contractual limitations of deductibles,
copayments, or coinsurance. (3) COVERED SERVICES. Services for which reimbursement from the
insurer or vision care plan is provided to a vision care provider by an enrollee's plan contract,
or for which a reimbursement would be available but for the application of the enrollee's
contractual plan limitations of deductibles, copayments, or...
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35-12-72
Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it
is unclaimed by the apparent owner during the time set forth below for the particular property:
(1) Traveler's checks, 15 years after issuance. (2) Money order, five years after issuance.
(3) A demand, savings, or time deposit including a deposit that is automatically renewable,
three years after the earlier of maturity, as extended from time to time, or the date of the
last indication by the apparent owner of interest in the property. (4) Tangible and intangible
property held in a safe deposit box or other safekeeping depository in this state in the ordinary
course of the holder's business and proceeds resulting from the sale of the property permitted
by other law, three years after expiration of the lease or rental period on the box or other
depository. (5) Money or credits owed to a customer as a result of a retail business transaction,
one year after the obligation accrued. (6) Property in an...
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27-32-6
Section 27-32-6 Grounds - Rehabilitation of domestic insurers. The commissioner may
apply to the court for an order appointing him as receiver of, and directing him to rehabilitate,
a domestic insurer upon one or more of the following grounds. That the insurer: (1) Is impaired
or insolvent; (2) Has refused to submit any of its books, records, accounts, or affairs to
reasonable examination by the commissioner; (3) Has concealed or removed records or assets
or otherwise violated Section 27-27-29; (4) Has failed to comply with an order of the
commissioner to make good an impairment of capital or surplus, or both; (5) Has transferred,
or attempted to transfer, substantially its entire property or business or has entered into
any transaction the effect of which is to merge substantially its entire property or business
in that of any other insurer without having first obtained the written approval of the commissioner;
(6) Has willfully violated its charter or articles of incorporation or any...
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8-33-6
Section 8-33-6 Conditions for policies. No warranty reimbursement insurance policy shall
be issued, sold, or offered for sale in this state unless the policy meets the following conditions:
(1) The policy states that the issuer of the policy will reimburse or pay on behalf of the
vehicle protection product warrantor all covered sums which the warrantor is legally obligated
to pay or will provide all service that the warrantor is legally obligated to perform according
to the warrantor's contractual obligations under the provisions of the insured warranties
sold by the warrantor. (2) The policy states that in the event payment due under the terms
of the warranty is not provided by the warrantor within 60 days after proof of loss has been
filed according to the terms of the warranty by the warranty holder, the warranty holder may
file directly with the warranty reimbursement insurance company for reimbursement. (3) The
policy provides that a warranty reimbursement insurance company that...
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27-19-105
Section 27-19-105 Regulations for long-term care policies; outline of coverage, policy
summary, and monthly report. (a) The commissioner may adopt regulations that include standards
for full and fair disclosure setting forth the manner, content, and required disclosures for
the sale of long-term care insurance policies, terms of renewability, initial and subsequent
conditions of eligibility, nonduplication of coverage provisions, coverage of dependents,
preexisting conditions, termination of insurance, continuation or conversion, probationary
periods, limitations, exceptions, reductions, elimination periods, requirements for replacement,
recurrent conditions, and definitions of terms. Regulations under this subsection should recognize
the developing and unique nature of long-term care insurance and the distinction between group
and individual long-term insurance policies. (b) No long-term care insurance policy may do
any of the following: (1) Be cancelled, nonrenewed, or otherwise...
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8-37-2
Section 8-37-2 (Effective January 1, 2018) Definitions. For the purposes of this chapter,
the following words have the following meanings: (1) ADMINISTRATOR. A person, other than an
insurer or creditor, that performs administrative or operational functions pursuant to guaranteed
asset protection waiver programs. (2) BORROWER. A debtor, retail buyer or lessee, under a
finance agreement. (3) CREDITOR means any of the following: a. The lender in a loan or credit
transaction. b. The lessor in a lease transaction. c. Any retail seller of motor vehicles
in a retail installment transaction. d. The seller in commercial retail installment transactions.
e. The assignees of any of the foregoing to whom the credit or lease obligation is payable.
(4) FINANCE AGREEMENT. A loan, lease, or retail installment sales contract for the purchase
or lease of a motor vehicle. (5) FREE LOOK PERIOD. The period of time from the effective date
of the GAP waiver until the date the borrower may cancel the GAP...
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27-15-8.1
Section 27-15-8.1 Life insurance policy provisions - Maximum rates of interest on policy
loans. (a) For purposes of this section the "published monthly average" means:
(1) The Monthly Average of the Composite Yield on Seasoned Corporate Bonds as published by
Moody's Investors Service, Inc., or any successor thereto; or (2) In the event that the Monthly
Average of the Composite Yield on Seasoned Corporate Bonds is no longer published, a substantially
similar average, established by regulation issued by the commissioner. (b)(1) Policies issued
on or after May 15, 1981, shall provide for policy loan interest rates as follows: a. A provision
permitting a maximum interest rate of not more than eight percent per annum; or b. A provision
permitting an adjustable maximum interest rate established from time to time by the life insurer
as permitted by law. (2) The rate of interest charged on a policy loan made under subdivision
(1) of this subsection shall not exceed the higher of the following:...
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