Insurance News

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August 4, 2017

Public Meeting Regarding Insurance Testing — August 17, 2017 at 1pm

PSI and representatives from the Utah Insurance Department will hold a webinar to discuss the testing program for insurance licenses. The objective of the webinar is to discuss the recently completed Exam Review Committee findings, review any exam content outline changes, view current exam pass rate statistics, and obtain feedback from any interested parties. […]
April 21, 2017

Take Stock Before Disaster Strikes

Nearly 1 million Utahns participated in yesterday’s Great Utah ShakeOut, an annual drill designed to help people prepare for an earthquake. In the aftermath of the mock-quake, the Utah Insurance Department urges people to consider the longer-term consequences of a major disaster. […]
April 19, 2017

After the Shaking Stops

If an earthquake were to hit your hometown tomorrow, what would you do? Odds are that you have a plan of action that would help you survive the shaking and get to stable ground. If you’re a longtime Utahn, you probably have a kit to get you through the following 72 hours. But after those first few days, how do you go about getting back to normal? […]
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March 1, 2017

Penn Treaty & American Network Insurance Company News

Penn Treaty Network America Insurance Company and American Network Insurance Company are affiliated long-term care insurance companies that went into liquidation on March 1, 2017. Information about the companies’ liquidation can be found on Penn Treaty’s website, http://www.penntreaty.com/Liquidation.aspx […]
January 17, 2017

2016: A Great Year for Captives in Utah

The Utah Captive Insurance Division saw positive growth in 2016. During the past year, 68 new captive companies were formed, as well as a number of additional cells. This brings Utah’s captive industry totals to 462 active captive companies and 74 active cell companies […]
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December 30, 2016

NAIC Life Insurance Policy Locator Service

The NAIC Life Insurance Policy Locator Service is a tool that can help consumers locate life insurance policies and annuity contracts of a deceased family member or close relationship.
October 1, 2016

FBI Background Check Fee Reduced

Effective October 1, 2016 the Federal Bureau of Investigation (FBI) will implement new fees for the fingerprint-based criminal history checks that occur […]
August 9, 2016

New Utah Captive Insurance Director Announced

Utah Insurance Commissioner Todd E. Kiser today announced that Travis Wegkamp has been appointed as the new director of the Captive Division, replacing David J. Snowball, who is retiring this month […]
April 20, 2016

Don’t Leave Earthquake Damage to Chance

Utah’s chances of suffering a devastating earthquake in the next half century come down to the flip of a coin, according to a new study released by the Utah Geological Survey’s Working Group on Earthquake Probabilities […]
March 1, 2016

Gobeille v. Liberty Mutual

In light of the US Supreme Court’s recent ruling in Gobeille v. Liberty Mutual, the Utah Insurance Department will not enforce, and no person will be required to provide information pursuant to Utah insurance statutes and rules requiring data submissions concerning a self-insured employee welfare benefit plan.

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