Availability of annual benefit report.

Utah Code § 16-21-402 (eff. 10/1/2026), under Part 16-21-4: Transparency.

Utah Code § 16-21-402 (eff. 10/1/2026)

16-21-402. Availability of annual benefit report.

(1) Each year, a benefit company shall send the benefit report described in Sectionto each member: 16-21-401 within 120 days after the day on which the benefit company's fiscal year ends; or the day on which the benefit company delivers any other annual report to the benefit company's members.

(2) Within five days after the day on which a benefit company sends a benefit report to each member in accordance with Subsection, the benefit company shall: (1) subject to Subsection, post a copy of the benefit report on a public portion of the benefit company's website; and (2)(b) deliver a copy of the benefit report to the division for filing. 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. The benefit company may omit any financial or proprietary information from a copy of a benefit report described in Subsectionor. (2)(a) (b) The division may charge a fee established by the division in accordance with Sectionfor filing an annual benefit report in accordance with this section. 63J-1-504