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UTAH STATUTES AND CODES
31A-22-515 - Nonforfeiture.
31A-22-515. Nonforfeiture.
If the group life insurance policy is not a term policy, it shall contain nonforfeitureprovisions which the commissioner determines to be equitable to the insured persons and to thepolicyholder. The commissioner may not require that group life insurance policies contain thesame nonforfeiture provisions which are required for individual life insurance policies.
If the group life insurance policy is not a term policy, it shall contain nonforfeitureprovisions which the commissioner determines to be equitable to the insured persons and to thepolicyholder. The commissioner may not require that group life insurance policies contain thesame nonforfeiture provisions which are required for individual life insurance policies.
Enacted by Chapter 242, 1985 General Session
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