Renumbered 10/1/2026
228 words·~1 min read·
/ut/title-48/chapter-4/10-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/8/2018
Renumbered 10/1/2026
48-4-402. Availability of annual benefit report.
(1)Each year, a benefit company shall send the benefit report described in Section 48-4-401 to each member:
(a)within 120 days after the day on which the benefit company's fiscal year ends; or
(b)the day on which the benefit company delivers any other annual report to the benefit company's members.
(a)Within five days after the day on which a benefit company sends a benefit report to each member in accordance with Subsection
(1), the benefit company shall:
(i)subject to Subsection (2)(b) , post a copy of the benefit report on a public portion of the benefit company's website; and
(ii)deliver a copy of the benefit report to the division for filing.
(b)If a benefit company does not have a website, the benefit company shall provide a copy of the benefit report, without charge, to any person who requests a copy.
(c)The benefit company may omit any financial or proprietary information from a copy of a benefit report described in Subsection (2)(a) or
(b).
(d)The division may charge a fee established by the division in accordance with Section 63J-1-504 for filing an annual benefit report in accordance with this section.
Renumbered and Amended by Chapter 92 , 2026 General Session
Enacted by Chapter 201 , 2018 General Session