Terms Used In Utah Code > Title 31A > Chapter 26 - Insurance Adjusters

• Acquisition date: means the day on which the state received title to land. See Utah Code 63L-7-103
• action: means :

  (i)

  proposed rules and emergency rules by a state agency that if adopted and enforced may limit the use of private property unless: (A)  its provisions are in accordance with applicable state or federal statutes; and (B)  the agency has adopted and implemented the guidelines required by Section 63L-3-201;

  (ii)

  proposed or implemented licensing or permitting conditions, requirements, or limitations to the use of private property unless: (A)  its provisions are in accordance with applicable state or federal statutes, rules, or regulations; and (B)  the agency has adopted and implemented the guidelines required by Section 63L-3-201;

  (iii)

  required dedications or exactions from owners of private property; or

  (iv)

  statutes and rules. See Utah Code 63L-3-102 adjusting: means directing or conducting the investigation, negotiation, or settlement of a claim under an insurance policy, on behalf of an insurer, policyholder, or a claimant under an insurance policy. See Utah Code 31A-26-102 Administrator: means the same as that term is defined in Subsection (182). See Utah Code 31A-1-301 Affiliate: means a person who controls, is controlled by, or is under common control with, another person. See Utah Code 31A-1-301 Agency: means : (a)  a person other than an individual, including a sole proprietorship by which an individual does business under an assumed name; and (b)  an insurance organization licensed or required to be licensed under Section 31A-23a-301, 31A-25-207, or 31A-26-209. See Utah Code 31A-1-301 Amortization: Paying off a loan by regular installments. Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant. Application: means a document: (a)  (i)  completed by an applicant to provide information about the risk to be insured; and (ii)  that contains information that is used by the insurer to evaluate risk and decide whether to: (A)  insure the risk under: (I)  the coverage as originally offered; or (II)  a modification of the coverage as originally offered; or (B)  decline to insure the risk; or (b)  used by the insurer to gather information from the applicant before issuance of an annuity contract. See Utah Code 31A-1-301 Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization Armed forces: means the United States Army, Navy, Air Force, Marine Corps, Space Force, and Coast Guard. See Utah Code 68-3-12.5 Arrest: Taking physical custody of a person by lawful authority. authorized insurer: means an insurer: (i)  holding a valid certificate of authority to do an insurance business in this state; and (ii)  transacting business as authorized by a valid certificate. See Utah Code 31A-1-301 Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC Bequest: Property gifted by will. BLM: means the United States Bureau of Land Management. See Utah Code 63J-8-102 BLM recommended wilderness: means a wilderness study area recommended for wilderness designation in the final report of the president of the United States to the United States Congress in 1993. See Utah Code 63J-8-102 Board: means the board created in Section 63L-9-104. See Utah Code 63L-8-102 Business entity: means : (a)  a corporation; (b)  an association; (c)  a partnership; (d)  a limited liability company; (e)  a limited liability partnership; or (f)  another legal entity. See Utah Code 31A-1-301 business of insurance: includes : (a)  providing health care insurance by an organization that is or is required to be licensed under this title; (b)  providing a benefit to an employee in the event of a contingency not within the control of the employee, in which the employee is entitled to the benefit as a right, which benefit may be provided either: (i)  by a single employer or by multiple employer groups; or (ii)  through one or more trusts, associations, or other entities; (c)  providing an annuity: (i)  including an annuity issued in return for a gift; and (ii)  except an annuity provided by a person specified in Subsections 31A-22-1305(2) and (3); (d)  providing the characteristic services of a motor club; (e)  providing another person with insurance; (f)  making as insurer, guarantor, or surety, or proposing to make as insurer, guarantor, or surety, a contract or policy offering title insurance; (g)  transacting or proposing to transact any phase of title insurance, including: (i)  solicitation; (ii)  negotiation preliminary to execution; (iii)  execution of a contract of title insurance; (iv)  insuring; and (v)  transacting matters subsequent to the execution of the contract and arising out of the contract, including reinsurance; (h)  transacting or proposing a life settlement; and (i)  doing, or proposing to do, any business in substance equivalent to Subsections (95)(a) through (h) in a manner designed to evade this title. See Utah Code 31A-1-301 Case law: The law as laid down in cases that have been decided in the decisions of the courts. Casualty insurance: means liability insurance. See Utah Code 31A-1-301 Caucus: From the Algonquian Indian language, a caucus meant "to meet together." An informal organization of members of the legislature that exists to discuss issues of mutual concern and possibly to perform legislative research and policy planning for its members. There are regional, political or ideological, ethnic, and economic-based caucuses. Commissioner: means the commissioner of the Department of Agriculture and Food, or the commissioner's designee. See Utah Code 63L-8-102 Company adjuster: means a person employed by an insurer who negotiates or settles claims on behalf of the insurer or an affiliated insurer. See Utah Code 31A-26-102 Concurrent resolution: A legislative measure, designated "S. Con. Res." and numbered consecutively upon introduction, generally employed to address the sentiments of both chambers, to deal with issues or matters affecting both houses, such as a concurrent budget resolution, or to create a temporary joint committee. Concurrent resolutions are not submitted to the President/Governor and thus do not have the force of law. Conservation area: means an area that potentially has wilderness characteristics. See Utah Code 63L-7-103 Constitutional taking issues: means actions involving the physical taking or exaction of private real property by a political subdivision that might require compensation to a private real property owner because of: (a)  the Fifth or Fourteenth Amendment of the Constitution of the United States; (b)  Article I, Section 22 of the Utah Constitution; or (c)  any recent court rulings governing the physical taking or exaction of private real property by a government entity. See Utah Code 63L-4-102 contribution: means any of the following when done for a political purpose: (i)  a gift, subscription, donation, loan, advance, deposit of money, or anything of value given to the filing entity; (ii)  an express, legally enforceable contract, promise, or agreement to make a gift, subscription, donation, unpaid or partially unpaid loan, advance, deposit of money, or anything of value to the filing entity; (iii)  any transfer of funds from another reporting entity to the filing entity; (iv)  compensation paid by any person or reporting entity other than the filing entity for personal services provided without charge to the filing entity; (v)  a loan made by a county office candidate or local school board candidate deposited into the county office candidate's or local school board candidate's own campaign account; or (vi)  an in-kind contribution. See Utah Code 17-16-202 County office: means an office described in Section 17-53-101 that is required to be filled by an election. See Utah Code 17-16-202 County office candidate: means an individual who: (a)  files a declaration of candidacy for a county office; or (b)  receives a contribution, makes an expenditure, or gives consent for any other person to receive a contribution or make an expenditure to bring about the individual's nomination or election to a county office. See Utah Code 17-16-202 County officer: means an individual who holds a county office. See Utah Code 17-16-202 Credit bureau: An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. (Also commonly referred to as consumer-reporting agency or credit-reporting agency.) Source: OCC Credit Score: A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Source: OCC Creditor: means a person, including an insured, having a claim, whether: (a)  matured; (b)  unmatured; (c)  liquidated; (d)  unliquidated; (e)  secured; (f)  unsecured; (g)  absolute; (h)  fixed; or (i)  contingent. See Utah Code 31A-1-301 Crop insurance: includes multiperil crop insurance. See Utah Code 31A-1-301 Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries. Department: means the Insurance Department. See Utah Code 31A-1-301 Dependent: A person dependent for support upon another. Designated home state: means the state or territory of the United States or the District of Columbia: (a)  in which an insurance adjuster does not maintain the adjuster's principal: (i)  place of residence; or (ii)  place of business; (b)  if the resident state, territory, or District of Columbia of the adjuster does not license adjusters for the line of authority sought, the adjuster has qualified for the license as if the person were a resident in the state, territory, or District of Columbia described in Subsection (2)(a), including an applicable: (i)  examination requirement; (ii)  fingerprint background check requirement; and (iii)  continuing education requirement; and (c)  that the adjuster has designated as the insurance adjuster's designated home state. See Utah Code 31A-26-102 Director: means the director of the Department of Land Management or the director's designee. See Utah Code 63L-8-102 Director: means a member of the board of directors of a corporation. See Utah Code 31A-1-301 Disability: means a physiological or psychological condition that partially or totally limits an individual's ability to: (a)  perform the duties of: (i)  that individual's occupation; or (ii)  an occupation for which the individual is reasonably suited by education, training, or experience; or (b)  perform two or more of the following basic activities of daily living: (i)  eating; (ii)  toileting; (iii)  transferring; (iv)  bathing; or (v)  dressing. See Utah Code 31A-1-301 DLM: means the Department of Land Management, created in Section 63L-9-102. See Utah Code 63L-8-102 DNR: means the Department of Natural Resources. See Utah Code 63L-7-103 Donor: The person who makes a gift. Employee: means : (a)  an individual employed by an employer; or (b)  an individual who meets the requirements of Subsection (53)(b). See Utah Code 31A-1-301 Endorsement: means a written agreement attached to a policy or certificate to modify the policy or certificate coverage. See Utah Code 31A-1-301 Enrollee: includes an insured. See Utah Code 31A-1-301 Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs. Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts Escrow: Money given to a third party to be held for payment until certain conditions are met. Escrow: means : (i)  a transaction that effects the sale, transfer, encumbering, or leasing of real property, when a person not a party to the transaction, and neither having nor acquiring an interest in the title, performs, in accordance with the written instructions or terms of the written agreement between the parties to the transaction, any of the following actions: (A)  the explanation, holding, or creation of a document; or (B)  the receipt, deposit, and disbursement of money; (ii)  a settlement or closing involving: (A)  a mobile home; (B)  a grazing right; (C)  a water right; or (D)  other personal property authorized by the commissioner. See Utah Code 31A-1-301 expenditure: means any of the following made by a reporting entity or an agent of a reporting entity on behalf of the reporting entity: (i)  any disbursement from contributions, receipts, or the separate bank account required under Section 17-16-6. See Utah Code 17-16-202 Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller. Federal land use designation: means one or a combination of the following congressional or federal actions included in proposed congressional land use legislation: (a)  designation of wilderness within the National Wilderness Preservation System; (b)  designation of a national conservation area; (c)  designation of a watercourse within the National Wild and Scenic River System; (d)  designation of an ACEC; (e)  designation of a national monument in accordance with the Antiquities Act or by Congress; (f)  designation of a national park within the National Park System; (g)  designation of a national recreational area; or (h)  any other designation, classification, categorization, reservation, withdrawal, or similar action that has the purpose or effect of eliminating, restricting, or reducing energy and mineral development, motorized travel, grazing, active vegetation management, or any other traditional multiple use on public land. See Utah Code 63J-8-102 Fiduciary: A trustee, executor, or administrator. Filed: means that a filing is: (i)  submitted to the department as required by and in accordance with applicable statute, rule, or filing order; (ii)  received by the department within the time period provided in applicable statute, rule, or filing order; and (iii)  accompanied by the appropriate fee in accordance with: (A)  Section 31A-3-103; or (B)  rule. See Utah Code 31A-1-301 Filing entity: means : (a)  a county office candidate; (b)  a county officer; (c)  a local school board candidate; (d)  a local school board member; or (e)  a reporting entity that is required to meet a campaign finance disclosure requirement adopted by a county in accordance with Section 17-16-6. See Utah Code 17-16-202 Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Forest Service: means the United States Forest Service within the United States Department of Agriculture. See Utah Code 63J-8-102 Form: means one of the following prepared for general use: (i)  a policy; (ii)  a certificate; (iii)  an application; (iv)  an outline of coverage; or (v)  an endorsement. See Utah Code 31A-1-301 Fraud: Intentional deception resulting in injury to another. Free exercise of religion: means an act or refusal to act that is substantially motivated by sincere religious belief, whether or not the act or refusal is compulsory or central to a larger system of religious belief, and includes the use, building, or conversion of real property for the purpose of religious exercise. See Utah Code 63L-5-102 Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value. Government entity: means the state, a county, a municipality, a higher education institution, a special district, a special service district, any other political subdivision of the state, or any administrative subunit of any of them. See Utah Code 63L-5-102 Governmental entity: is a s defined in Section 59-2-511. See Utah Code 63L-6-102 Grazing permit: means a document, issued by the Department of Land Management, authorizing use of public land for the purpose of grazing domestic livestock. See Utah Code 63L-8-102 Group insurance policy: means a policy covering a group of persons that is issued: (i)  to a policyholder on behalf of the group; and (ii)  for the benefit of a member of the group who is selected under a procedure defined in: (A)  the policy; or (B)  an agreement that is collateral to the policy. See Utah Code 31A-1-301 Health care: means any of the following intended for use in the diagnosis, treatment, mitigation, or prevention of a human ailment or impairment: (a)  a professional service; (b)  a personal service; (c)  a facility; (d)  equipment; (e)  a device; (f)  supplies; or (g)  medicine. See Utah Code 31A-1-301 Health care provider: means the same as that term is defined in Section 78B-3-403. See Utah Code 31A-1-301 health insurance: means insurance providing: (i)  a health care benefit; or (ii)  payment of an incurred health care expense. See Utah Code 31A-1-301 Highway: includes :Utah Code 68-3-12.5 Home state: means : (a)  a state or territory of the United States or the District of Columbia in which an insurance adjuster: (i)  maintains the adjuster's principal: (A)  place of residence; or (B)  place of business; and (ii)  is licensed to act as a resident adjuster; or (b)  if the resident state, territory, or the District of Columbia described in Subsection (3)(a) does not license adjusters for the line of authority sought, a state, territory, or the District of Columbia: (i)  in which the adjuster is licensed; (ii)  in which the adjuster is in good standing; and (iii)  that the adjuster has designated as the adjuster's designated home state. See Utah Code 31A-26-102 Independent adjuster: means an insurance adjuster required to be licensed under Section 31A-26-201, who engages in insurance adjusting as a representative of one or more insurers. See Utah Code 31A-26-102 Individual: means a natural person. See Utah Code 31A-1-301 insolvent: means that: (a)  an insurer is unable to pay the insurer's obligations as the obligations are due; (b)  an insurer's total adjusted capital is less than the insurer's mandatory control level RBC under Subsection 31A-17-601(8)(c); or (c)  an insurer's admitted assets are less than the insurer's liabilities. See Utah Code 31A-1-301 Insurance: includes : (i)  a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind; (ii)  a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and (iii)  a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301 Insurance adjuster: means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy. See Utah Code 31A-1-301 Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes: (i)  a policyholder; (ii)  a subscriber; (iii)  a member; and (iv)  a beneficiary. See Utah Code 31A-1-301 Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC Land use authorization: means an easement, lease, permit, or license to occupy, use, or traverse public land granted for a particular purpose. See Utah Code 63L-8-102 Land use regulation: means any state or local law or ordinance, whether statutory or otherwise, that limits or restricts a person's use or development of land or a structure affixed to land. See Utah Code 63L-5-102 Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto). Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity. License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301 Life insurance: means : (i)  insurance on a human life; and (ii)  insurance pertaining to or connected with human life. See Utah Code 31A-1-301 Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants. Local school board candidate: means an individual who: (a)  files a declaration of candidacy for local school board; or (b)  receives a contribution, makes an expenditure, or gives consent for any other person to receive a contribution or make an expenditure to bring about the individual's nomination or election to a local school board. See Utah Code 17-16-202 Member: means a person having membership rights in an insurance corporation. See Utah Code 31A-1-301 Minerals: means all classes of inorganic material upon, within, or beneath the surface of public land, including silver, gold, copper, lead, zinc, uranium, gemstones, potash, gypsum, clay, salts, sand, rock, gravel, oil, oil shale, oil sands, gas, coal, and all carboniferous materials. See Utah Code 63L-8-102 Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5 Mortgage: The written agreement pledging property to a creditor as collateral for a loan. Multiple use: means : (a)  the management of the public land and the public land's various resource values so resources are best utilized in the combination that will meet the present and future needs of the citizens of Utah; (b)  making the most judicious use of land for some or all of the resources or related services over areas large enough to provide sufficient latitude for periodic adjustments in use to conform to changing needs and conditions; (c)  a combination of balanced and diverse resource uses that take into account the long-term needs of future generations for renewable and nonrenewable resources, including recreation, hunting, fishing, trapping, range, timber, minerals, watershed, wildlife and fish, and natural scenic, scientific, and historic values; and (d)  harmonious and coordinated management of the various resources without permanent impairment of the productivity of the land and the quality of the environment with consideration being given to the relative values of the resources. See Utah Code 63L-8-102 Multiple use: means proper stewardship of the subject lands pursuant to Section 103(c) of FLPMA, 43 U. See Utah Code 63J-8-102 Mutual: means a mutual insurance corporation. See Utah Code 31A-1-301 National conservation area: means an area designated by Congress and managed by the BLM. See Utah Code 63J-8-102 Net proceeds: means the proceeds from the sale of public lands, after subtracting expenses incident to the sale of the public lands. See Utah Code 63L-6-102 Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period. Office: means the Public Lands Policy Coordinating Office created in Section 63L-11-201. See Utah Code 63J-8-102 OHV: means off-highway vehicle as defined in Section 41-22-2. See Utah Code 63J-8-102 Order: means an order of the commissioner. See Utah Code 31A-1-301 Organization: includes a sole proprietorship by which a natural person does business under an assumed name. See Utah Code 31A-26-102 Participating: means a plan of insurance under which the insured is entitled to receive a dividend representing a share of the surplus of the insurer. See Utah Code 31A-1-301 Person: means any individual, partnership, corporation, or other legal entity that owns an interest in real property. See Utah Code 63L-5-102 Person: means :Utah Code 68-3-12.5 Person: includes : (a)  an individual; (b)  a partnership; (c)  a corporation; (d)  an incorporated or unincorporated association; (e)  a joint stock company; (f)  a trust; (g)  a limited liability company; (h)  a reciprocal; (i)  a syndicate; or (j)  another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301 Personal use expenditure: includes : (i)  a mortgage, rent, utility, or vehicle payment; (ii)  a household food item or supply; (iii)  clothing, except for clothing: (A)  bearing the county office candidate's or local school board candidate's name or campaign slogan or logo; and (B)  used in the county office candidate's or local school board member's campaign; (iv)  admission to a sporting, artistic, or recreational event or other form of entertainment; (v)  dues, fees, or gratuities at a country club, health club, or recreational facility; (vi)  a salary payment made to: (A)  a county office candidate, county officer, local school board candidate, or local school board member; or (B)  a person who has not provided a bona fide service to a county candidate, county officer, local school board candidate, or local school board member; (vii)  a vacation; (viii)  a vehicle expense; (ix)  a meal expense; (x)  a travel expense; (xi)  payment of an administrative, civil, or criminal penalty; (xii)  satisfaction of a personal debt; (xiii)  a personal service, including the service of an attorney, accountant, physician, or other professional person; (xiv)  a membership fee for a professional or service organization; and (xv)  a payment in excess of the fair market value of the item or service purchased. See Utah Code 17-16-202 Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court. PLPCO: means the Public Lands Policy Coordination Office. See Utah Code 63L-7-103 Policy: includes a service contract issued by: (i)  a motor club under Chapter 11, Motor Clubs; (ii)  a service contract provided under Chapter 6a, Service Contracts; and (iii)  a corporation licensed under: (A)  Chapter 7, Nonprofit Health Service Insurance Corporations; or (B)  Chapter 8, Health Maintenance Organizations and Limited Health Plans. See Utah Code 31A-1-301 Policyholder: means a person who controls a policy, binder, or oral contract by ownership, premium payment, or otherwise. See Utah Code 31A-1-301 Political purpose: means an act done with the intent or in a way to influence or tend to influence, directly or indirectly, any person to refrain from voting or to vote for or against any candidate or a person seeking an office at any caucus, political convention, or election. See Utah Code 17-16-202 Political subdivision: means a county, municipality, special district, special service district, school district, or other local government entity. See Utah Code 63L-4-102 Portable electronics insurance: means the same as that term is defined in Section 31A-22-1802. See Utah Code 31A-26-102 Private property: means any school or institutional trust lands and any real or personal property in this state that is protected by: (a)  the Fifth or Fourteenth Amendment of the Constitution of the United States; or (b)  Utah Constitution Article I, Section 22. See Utah Code 63L-3-102 Probable cause: A reasonable ground for belief that the offender violated a specific law. Proceeding: includes an action or special statutory proceeding. See Utah Code 31A-1-301 producer: means a person licensed or required to be licensed under the laws of this state to sell, solicit, or negotiate insurance. See Utah Code 31A-1-301 Proposed congressional land use legislation: means a draft or a working document of congressional legislation prepared by a person that includes a federal land use designation. See Utah Code 63J-8-102 Protected wilderness area: means an area of wilderness that has been designated under this chapter as part of the Utah wilderness preservation system. See Utah Code 63L-7-103 Public adjuster: means a person required to be licensed under Section 31A-26-201, who engages in insurance adjusting as a representative of insureds and claimants under insurance policies. See Utah Code 31A-26-102 Public land: means any land or land interest: (a)  acquired by the state from the federal government pursuant to Section 63L-6-103, except: (i)  areas subsequently designated as a protected wilderness area, as described in Title 63L, Chapter 7, Utah Wilderness Act; and (ii)  lands managed by the School and Institutional Trust Lands Administration pursuant to Title 53C, School and Institutional Trust Lands Management Act; or (b)  for which the state is given management responsibility from the federal government. See Utah Code 63L-8-102 Public lands: means lands within the exterior boundaries of this state except: (a)  lands to which title is held by a person who is not a governmental entity; (b)  lands owned or held in trust by this state, a political subdivision of this state, or an independent entity; (c)  lands reserved for use by the state system of public education as described in Utah Constitution Article X, Section 2, or a state institution of higher education listed in Section 53B-1-102; (d)  school and institutional trust lands as defined in Section 53C-1-103; (e)  lands within the exterior boundaries as of January 1, 2012, of the following that are designated as national parks: (i)  Arches National Park; (ii)  Bryce Canyon National Park; (iii)  Canyonlands National Park; (iv)  Capitol Reef National Park; and (v)  Zion National Park; (f)  lands within the exterior boundaries as of January 1, 2012, of the following national monuments managed by the National Park Service as of January 1, 2012: (i)  Cedar Breaks National Monument; (ii)  Dinosaur National Monument; (iii)  Hovenweep National Monument; (iv)  Natural Bridges National Monument; (v)  Rainbow Bridge National Monument; and (vi)  Timpanogos Cave National Monument; (g)  lands within the exterior boundaries as of January 1, 2012, of the Golden Spike National Historic Site; (h)  lands within the exterior boundaries as of January 1, 2012, of the following wilderness areas located in the state that, as of January 1, 2012, are designated as part of the National Wilderness Preservation System under the Wilderness Act of 1964, 16 U. See Utah Code 63L-6-102 Rangeland: means open public land used for grazing domestic livestock. See Utah Code 63L-8-102 RARE II: means the second United States Forest Service Roadless Area Review and Evaluation report of 1984. See Utah Code 63J-8-102 Rate: means : (i)  the cost of a given unit of insurance; or (ii)  for property or casualty insurance, that cost of insurance per exposure unit either expressed as: (A)  a single number; or (B)  a pure premium rate, adjusted before the application of individual risk variations based on loss or expense considerations to account for the treatment of: (I)  expenses; (II)  profit; and (III)  individual insurer variation in loss experience. See Utah Code 31A-1-301 real property: includes :Utah Code 68-3-12.5 Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Reinsurance: means an insurance transaction where an insurer, for consideration, transfers any portion of the risk it has assumed to another insurer. See Utah Code 31A-1-301 Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant. Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation. Road: includes :Utah Code 68-3-12.5 Road: means a road classified as either a class B road, as described in Section 72-3-103, or a class D road, as described in Section 72-3-105. See Utah Code 63L-7-103 Roadless area: means an area without a road, as defined in Subsection (6). See Utah Code 63L-7-103 Security: means a: (i)  note; (ii)  stock; (iii)  bond; (iv)  debenture; (v)  evidence of indebtedness; (vi)  certificate of interest or participation in a profit-sharing agreement; (vii)  collateral-trust certificate; (viii)  preorganization certificate or subscription; (ix)  transferable share; (x)  investment contract; (xi)  voting trust certificate; (xii)  certificate of deposit for a security; (xiii)  certificate of interest of participation in an oil, gas, or mining title or lease or in payments out of production under such a title or lease; (xiv)  commodity contract or commodity option; (xv)  certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the items listed in Subsections (171)(a)(i) through (xiv); or (xvi)  another interest or instrument commonly known as a security. See Utah Code 31A-1-301 Signature: includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code 68-3-12.5 SITLA: means the School and Institutional Trust Lands Administration as created in Section 53C-1-201. See Utah Code 63J-8-102 State agency: means an officer or administrative unit of the executive branch of state government that is authorized by law to adopt rules. See Utah Code 63L-3-102 Statute: A law passed by a legislature. Sustained yield: means the achievement and maintenance in perpetuity of a high-level annual or regular periodic output of the various renewable resources of the public land consistent with multiple use. See Utah Code 63L-8-102 taking: means a governmental action that results in a taking of private property so that compensation to the owner of the property is required by: (a)  the Fifth or Fourteenth Amendment of the Constitution of the United States; or (b)  Utah Constitution Article I, Section 22. See Utah Code 63L-3-102 Title insurance: means the insuring, guaranteeing, or indemnifying of an owner of real or personal property or the holder of liens or encumbrances on that property, or others interested in the property against loss or damage suffered by reason of liens or encumbrances upon, defects in, or the unmarketability of the title to the property, or invalidity or unenforceability of any liens or encumbrances on the property. See Utah Code 31A-1-301 Trustee: means "director" when referring to the board of directors of a corporation. See Utah Code 31A-1-301 Trustee: A person or institution holding and administering property in trust. Trustor: The person who makes or creates a trust. Also known as the grantor or settlor. Wilderness: means the same as that term is defined in Section 63L-7-103. See Utah Code 63L-8-102 Wilderness: means the same as that term is defined in 16 U. See Utah Code 63J-8-102 Wilderness: means a roadless area of undeveloped state-owned land, other than land owned by the School and Institutional Trust Lands Administration, that: (a)  is acquired by the state from the federal government through purchase, exchange, grant, or any other means of conveyance of title after May 13, 2014; (b)  retains its primeval character and influence, without permanent improvements or human habitation; (c)  generally appears to have been affected primarily by the forces of nature, with minimal human impact; (d)  has at least 5,000 contiguous acres of land, or is of sufficient size as to make practicable its preservation and use in an unimpaired condition; (e)  has outstanding opportunities for solitude, or a primitive and unconfined type of recreation; and (f)  may contain ecological, geological, or other features of scientific, educational, scenic, or historical value. See Utah Code 63L-7-103