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State statute · Utah

Life Insurance and Annuities

Utah Code Ann. tit. 31A, ch. 22, pt. 4

Publisher
Utah Office of Legislative Research and General Counsel
Edition
Utah Code, current official text on le.utah.gov
Last checked
2026-08-31
Status
US state statute
Edition and licensing notes

Publisher. Utah Office of Legislative Research and General Counsel (le.utah.gov)

Status. US state statute; public domain.

Read the official textPractice questions from this source

What this document is

Utah Code Ann. tit. 31A, ch. 22, pt. 4: Life Insurance and Annuities is a state statute published by Utah Office of Legislative Research and General Counsel (le.utah.gov). It is one of the Utah documents that insurance license exam questions are written from, including utah life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Utah Code Title 31A Chapter 22 § 31A-22-412(3) (Assignment of life insurance rights: priority over beneficiary)
    “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.”
  • Utah Code Title 31A Chapter 22 § 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.”
  • Utah Code Title 31A Chapter 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...”
  • Utah Code Title 31A Chapter 22 § 31A-22-408(2)(h) (Standard Nonforfeiture Law for Life Insurance; deferral of cash surrender value)
    “(h) The company shall reserve the right to defer the payment of any cash surrender value for a period of six months after demand therefor with surrender of the policy with the consent of the commissioner; provided, however, that the policy shall remain in full force and effect until the insurer has made the payment.”
  • Utah Code Title 31A Chapter 22 § 31A-22-420(5) (Policy Loans, Deferral)
    “The policy shall contain a provision permitting the insurer, upon the commissioner's approval, to defer granting a policy loan for up to six months after application for the loan. Policy loans for the payment of premium to the insurer may not be deferred under this subsection.”
  • Utah Code Title 31A Chapter 22 § 31A-22-409(3)(d) (Standard Nonforfeiture Law for Individual Deferred Annuities, deferral of cash surrender payment)
    “A company may reserve the right to defer the payment of cash surrender benefit for a period not to exceed six months after demand for the payment of the cash surrender benefit with surrender of the contract.”
  • Utah Code Title 31A Chapter 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.”
  • Utah Code Title 31A Chapter 22 § 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...”
  • Utah Code Title 31A Chapter 22 § 31A-22-423 (Policy and Annuity Examination Period)
    “(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.”
  • Utah Code Title 31A Chapter 22 § 31A-22-402(4) (Grace Period -- Claim Arising During Grace Period)
    “If a claim arises under the policy during the grace period, an insurer may deduct from the policy proceeds: (a) the amount of any premium due or overdue; (b) interest at the rate provided in this section; and (c) any deferred installment of the annual premium.”
  • Utah Code Title 31A Chapter 22 § 31A-22-413(2)(a) (Designation of beneficiary: formalities for change)
    “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.”
  • Utah Code Title 31A Chapter 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.”

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Questions about this source

Utah Code Ann. tit. 31A, ch. 22, pt. 4: Life Insurance and Annuities is a state statute published by Utah Office of Legislative Research and General Counsel (le.utah.gov). Edition: Utah Code, current official text on le.utah.gov.

No. This page summarizes the document and links to the official version. Always rely on the text published by Utah Office of Legislative Research and General Counsel (le.utah.gov) for the current law.

Practice questions for Utah Life & Health cite this document.

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