In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules to establish standards for any of the following: (1) if used in connection with the solicitation or sale of life insurance policies and contracts: (a) a buyer's guide; (b) a disclosure; (c) an illustration; (d) a policy summary; or (e) a recommendation; and (2) in a life insurance policy, annuity contract, or life insurance or annuity certificate: (a) a definition of a term; (b) a disclosure; (c) an exclusion; or (d) a limitation.
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