Utah Code > Title 31A > Chapter 5 > Part 4 – Management of Insurance Corporations
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Terms Used In Utah Code > Title 31A > Chapter 5 > Part 4 - Management of Insurance Corporations
- Acquisition cost: includes :
(i) the purchase price of a new or used item; (ii) the cost of freight, shipping, loading at origin, unloading at destination, crating, skidding, or any other applicable cost of shipping; (iii) the cost of installation, engineering, rigging, erection, or assembly, including foundations, pilings, utility connections, or similar costs; and (iv) sales and use taxes. See Utah Code 59-2-102 - Actively devoted to agricultural use: means that the land in agricultural use produces in excess of 50% of the average agricultural production per acre:
(a) as determined under Section 59-2-503; and (b) for: (i) the given type of land; and (ii) the given county or area. See Utah Code 59-2-502 - Administrative cost: means a fee imposed to cover:
(a) the cost of filing; (b) the cost of administering a garnishment; (c) the amount the commission pays to a depository institution in accordance with 17; or (d) a cost similar to Subsections (1)(a) through (c) as determined by the commission by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act. See Utah Code 59-1-1402 - Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
- Agreement: means an agreement described in Section 59-1-1704 between a depository institution and the commission. See Utah Code 59-1-1702
- Air charter service: means an air carrier operation that requires the customer to hire an entire aircraft rather than book passage in whatever capacity is available on a scheduled trip. See Utah Code 59-2-102
- Air contract service: means an air carrier operation available only to customers that engage the services of the carrier through a contractual agreement and excess capacity on any trip and is not available to the public at large. See Utah Code 59-2-102
- Aircraft: means the same as that term is defined in Section 72-10-102. See Utah Code 59-2-102
- airline: means an air carrier that:
(i) operates: (A) on an interstate route; and (B) on a scheduled basis; and (ii) offers to fly one or more passengers or cargo on the basis of available capacity on a regularly scheduled route. See Utah Code 59-2-102 - Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- 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.
- Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
- Appraisal: A determination of property value.
- articles of incorporation: means :
(a) the original articles; (b) a special law; (c) a charter; (d) an amendment; (e) restated articles; (f) articles of merger or consolidation; (g) a trust instrument; (h) another constitutive document for a trust or other entity that is not a corporation; and (i) an amendment to an item listed in Subsections (11)(a) through (h). See Utah Code 31A-1-301 - assessment book: means a permanent record of the assessment of property as assessed by the county assessor and the commission and may be maintained manually or as a computerized file as a consolidated record or as multiple records by type, classification, or categories. See Utah Code 59-2-102
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- Ballot proposition: means :
(i) an opinion question or other question concerning a tax increase submitted to voters for their approval or rejection; or (ii) a question submitted to voters concerning the issuance of bonds under Section 11-14-103. See Utah Code 59-1-1602 - Base parcel: means a parcel of property that was legally:
(a) subdivided into two or more lots, parcels, or other divisions of land; or (b) (i) combined with one or more other parcels of property; and (ii) subdivided into two or more lots, parcels, or other divisions of land. See Utah Code 59-2-102 - board of directors: means the group of persons with responsibility over, or management of, a corporation, however designated. See Utah Code 31A-1-301
- Books and records: means the following made available in printed or electronic format:
(a) an account; (b) a book; (c) an invoice; (d) a memorandum; (e) a paper; (f) a record; or (g) an item similar to Subsections (2)(a) through (f) as determined by the commission by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act. See Utah Code 59-1-1402 - Certificate: means evidence of insurance given to:
(a) an insured under a group insurance policy; or (b) a third party. See Utah Code 31A-1-301 - Certified revenue levy: means a property tax levy that provides an amount of ad valorem property tax revenue equal to the sum of:
(i) the amount of ad valorem property tax revenue to be generated statewide in the previous year from imposing a multicounty assessing and collecting levy, as specified in Section 59-2-1602; and (ii) the product of: (A) eligible new growth, as defined in Section 59-2-924; and (B) the multicounty assessing and collecting levy certified by the commission for the previous year. See Utah Code 59-2-102 - City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
- claimant: includes a surviving spouse:
(i) regardless of: (A) the age of the surviving spouse; or (B) the age of the deceased spouse at the time of death; (ii) if the surviving spouse meets the requirements of this part except for the age requirement; (iii) if the surviving spouse is part of the same household of the deceased spouse at the time of death of the deceased spouse; and (iv) if the surviving spouse is unmarried at the time the surviving spouse files the claim. See Utah Code 59-2-1202 - Conservation easement rollback tax: means the tax imposed under Section 59-2-506. See Utah Code 59-2-502
- Consumer price index housing: means the Consumer Price Index - All Urban Consumers, Housing United States Cities Average, published by the Bureau of Labor Statistics of the United States Department of Labor. See Utah Code 59-2-1202
- Continuance: Putting off of a hearing ot trial until a later time.
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means an insurance corporation, except when referring to:
(i) a corporation doing business: (B) under: (I) Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries; (II) Chapter 25, Third Party Administrators; or (III) Chapter 26, Insurance Adjusters; or (ii) a noninsurer that is part of a holding company system under Chapter 16, Insurance Holding Companies. See Utah Code 31A-1-301 - County executive: means :Utah Code 68-3-12.5
- County legislative body: means :Utah Code 68-3-12.5
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Deficiency: is a s defined in Section 59-1-1402. See Utah Code 59-1-101
- Deficiency: means :
(a) the amount by which a tax, fee, or charge exceeds the difference between: (i) the sum of: (A) the amount shown as the tax, fee, or charge by a person on the person's return; and (B) any amount previously assessed, or collected without assessment, as a deficiency; and (ii) any amount previously abated, credited, refunded, or otherwise repaid with respect to that tax, fee, or charge; or (b) if a person does not show an amount as a tax, fee, or charge on the person's return, or if a person does not make a return, the amount by which the tax, fee, or charge exceeds: (i) the amount previously assessed, or collected without assessment, as a deficiency; and (ii) any amount previously abated, credited, refunded, or otherwise repaid with respect to that tax, fee, or charge. See Utah Code 59-1-1402 - Delinquent taxpayer: means a person against whom the commission is considered to have obtained a judgment for a liability under Section 59-1-1414. See Utah Code 59-1-1702
- Dependent: A person dependent for support upon another.
- Depository institution: is a depository institution described in Section 7-1-103 that holds or receives deposits, savings, or share accounts. See Utah Code 59-1-1702
- Depository institution data match system: means the database that the commission develops, maintains, and operates in accordance with Section 59-1-1703. See Utah Code 59-1-1702
- Determination date: means the date of an election at which a ballot proposition is considered by voters. See Utah Code 59-1-1602
- Director: means a member of the board of directors of a corporation. See Utah Code 31A-1-301
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Docket: A log containing brief entries of court proceedings.
- Domestic insurer: means an insurer organized under the laws of this state. See Utah Code 31A-1-301
- Donee: The recipient of a gift.
- Election officer: is a s defined in Section 20A-1-102. See Utah Code 59-1-1602
- Eligible judgment: means a final and unappealable judgment or order under Section 59-2-1330:
(a) that became a final and unappealable judgment or order no more than 14 months before the day on which the notice described in Section 59-2-919. See Utah Code 59-2-102 - Eligible voter: means a person who:
(a) has registered to vote in accordance with Title 20A, Chapter 2, Voter Registration; and (b) is a resident of a voting district or precinct within the taxing entity that is holding an election to consider a ballot proposition. See Utah Code 59-1-1602 - 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 - 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
- Escaped property: means any property, whether personal, land, or any improvements to the property, that is subject to taxation and is:
(i) inadvertently omitted from the tax rolls, assigned to the incorrect parcel, or assessed to the wrong taxpayer by the assessing authority; (ii) undervalued or omitted from the tax rolls because of the failure of the taxpayer to comply with the reporting requirements of this chapter; or (iii) undervalued because of errors made by the assessing authority based upon incomplete or erroneous information furnished by the taxpayer. See Utah Code 59-2-102 - Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Exclusion: means for the purposes of accident and health insurance that an insurer does not provide insurance coverage, for whatever reason, for one of the following:
(a) a specific physical condition; (b) a specific medical procedure; (c) a specific disease or disorder; or (d) a specific prescription drug or class of prescription drugs. See Utah Code 31A-1-301 - Executive Calendar: A list of executive business (i.e., treaties and nominations) available for consideration.
- Executor: A male person named in a will to carry out the decedent
- Executor: includes "administrator" when the subject matter justifies the use. See Utah Code 68-3-12.5
- 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.
- Fair market value: means the amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. See Utah Code 59-2-102
- 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: when used as a noun, means an item required to be filed with the department including:
(a) a policy; (b) a rate; (c) a form; (d) a document; (e) a plan; (f) a manual; (g) an application; (h) a report; (i) a certificate; (j) an endorsement; (k) an actuarial certification; (l) a licensee annual statement; (m) a licensee renewal application; (n) an advertisement; (o) a binder; or (p) an outline of coverage. See Utah Code 31A-1-301 - 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.
- 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.
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- Garnishment: means any legal or equitable procedure through which one or more of the following are required to be withheld for payment of an amount a person owes:
(a) an asset of the person held by another person; or (b) the earnings of the person. See Utah Code 59-1-1402 - Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Goodwill: means :
(i) acquired goodwill that is reported as goodwill on the books and records that a taxpayer maintains for financial reporting purposes; or (ii) the ability of a business to: (A) generate income that exceeds a normal rate of return on assets and that results from a factor described in Subsection (16)(b); or (B) obtain an economic or competitive advantage resulting from a factor described in Subsection (16)(b). See Utah Code 59-2-102 - Governing body: means :
(a) for a county, city, or town, the legislative body of the county, city, or town; (b) for a special district under Title 17B, Limited Purpose Local Government Entities - Special Districts, the special district's board of trustees; (c) for a school district, the local board of education; (d) for a special service district under Title 17D, Chapter 1, Special Service District Act: (i) the legislative body of the county or municipality that created the special service district, to the extent that the county or municipal legislative body has not delegated authority to an administrative control board established under Section 17D-1-301; or (ii) the administrative control board, to the extent that the county or municipal legislative body has delegated authority to an administrative control board established under Section 17D-1-301; or (e) for a public infrastructure district under Title 17D, Chapter 4, Public Infrastructure District Act, the public infrastructure district's board of trustees. See Utah Code 59-2-102 - Governing body: is a s defined in Section 59-2-102. See Utah Code 59-1-1602
- Grantor: The person who establishes a trust and places property into it.
- Gross rent: means rent actually paid in cash or its equivalent solely for the right of occupancy, at arm's-length, of a residence, exclusive of charges for any utilities, services, furniture, furnishings, or personal appliances furnished by the landlord as a part of the rental agreement. See Utah Code 59-2-1202
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Guardian: includes a person who:Utah Code 68-3-12.5
- Highway: includes :Utah Code 68-3-12.5
- Homeowner: means :
(i) an individual whose name is listed on the deed of a residence; or (ii) if a residence is owned in a qualifying trust, an individual who is a grantor, trustor, or settlor or holds another similar role in the trust. See Utah Code 59-2-1202 - Household: means the association of individuals who live in the same dwelling, sharing the dwelling's furnishings, facilities, accommodations, and expenses. See Utah Code 59-2-1202
- household income: means all income received by all members of a claimant's household in:
(i) for a claimant who owns a residence, the calendar year preceding the calendar year in which property taxes are due; or (ii) for a claimant who rents a residence, the year for which a claim is filed. See Utah Code 59-2-1202 - Identical legal ownership: means legal ownership held by:
(a) identical legal parties; or (b) identical legal entities. See Utah Code 59-2-502 - Identifying information: means :
(a) the name of the account holder; (b) the social security number of the account holder; or (c) other identifying information. See Utah Code 59-1-1702 - Improvement: includes :
(i) an accessory to an item described in Subsection (18)(a) if the accessory is: (A) essential to the operation of the item described in Subsection (18)(a); and (B) installed solely to serve the operation of the item described in Subsection (18)(a); and (ii) an item described in Subsection (18)(a) that is temporarily detached from the land for repairs and remains located on the land. See Utah Code 59-2-102 - Income: means the sum of:
(i) federal adjusted gross income as defined in Section 62, Internal Revenue Code; and (ii) nontaxable income. See Utah Code 59-2-1202 - Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Individual: means a natural person. See Utah Code 31A-1-301
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- 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 - Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Intangible property: means :
(a) property that is capable of private ownership separate from tangible property, including: (i) money; (ii) credits; (iii) bonds; (iv) stocks; (v) representative property; (vi) franchises; (vii) licenses; (viii) trade names; (ix) copyrights; and (x) patents; (b) a low-income housing tax credit; (c) goodwill; or (d) a renewable energy tax credit or incentive, including: (i) a federal renewable energy production tax credit under Section 45, Internal Revenue Code; (ii) a federal energy credit for qualified renewable electricity production facilities under Section 48, Internal Revenue Code; (iii) a federal grant for a renewable energy property under American Recovery and Reinvestment Act of 2009, Pub. See Utah Code 59-2-102 - 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
- Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Land: includes :Utah Code 68-3-12.5
- Land in agricultural use: means :
(a) land devoted to the raising of useful plants and animals with a reasonable expectation of profit, including: (i) forages and sod crops; (ii) grains and feed crops; (iii) livestock as defined in Section 59-2-102; (iv) trees and fruits; or (v) vegetables, nursery, floral, and ornamental stock; or (b) land devoted to and meeting the requirements and qualifications for payments or other compensation under a crop-land retirement program with an agency of the state or federal government. See Utah Code 59-2-502 - Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
- Legatee: A beneficiary of a decedent
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Liability: means the following that a person is required to remit to the commission:
(a) a tax, fee, or charge; (b) an addition to a tax, fee, or charge; (c) an administrative cost; (d) interest that accrues in accordance with Section 59-1-402; or (e) a penalty that accrues in accordance with Section 59-1-401. See Utah Code 59-1-1402 - Liability: means the same as that term is defined in Section 59-1-1402. See Utah Code 59-1-1702
- Lien: A claim against real or personal property in satisfaction of a debt.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Livestock: means :
(a) a domestic animal; (b) a fish; (c) a fur-bearing animal; (d) a honeybee; or (e) poultry. See Utah Code 59-2-102 - Low-income housing tax credit: means :
(a) a federal low-income housing tax credit under Section 42, Internal Revenue Code; or (b) a low-income housing tax credit under Section 59-7-607 or Section 59-10-1010. See Utah Code 59-2-102 - mathematical error: is a s defined in Section 6213(g)(2), Internal Revenue Code. See Utah Code 59-1-1402
- Member: means a person having membership rights in an insurance corporation. See Utah Code 31A-1-301
- Mine: means a natural deposit of either metalliferous or nonmetalliferous valuable mineral. See Utah Code 59-2-102
- Mining: means the process of producing, extracting, leaching, evaporating, or otherwise removing a mineral from a mine. See Utah Code 59-2-102
- Mobile flight equipment: means tangible personal property that is owned or operated by an air charter service, air contract service, or airline and:
(i) is capable of flight or is attached to an aircraft that is capable of flight; or (ii) is contained in an aircraft that is capable of flight if the tangible personal property is intended to be used: (A) during multiple flights; (B) during a takeoff, flight, or landing; and (C) as a service provided by an air charter service, air contract service, or airline. See Utah Code 59-2-102 - Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
- Mutual: means a mutual insurance corporation. See Utah Code 31A-1-301
- mutual corporation: means a mutual insurance corporation. See Utah Code 31A-1-301
- Oath: includes "affirmation. See Utah Code 68-3-12.5
- Oath: A promise to tell the truth.
- 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.
- Order: means an order of the commissioner. See Utah Code 31A-1-301
- Other eligible acreage: means land that is:
(a) five or more contiguous acres; (b) eligible for assessment under this part; and (c) (i) located in the same county as land described in Subsection 59-2-503(1)(a); or (ii) contiguous across county lines with land described in Subsection 59-2-503(1)(a) as provided in Section 59-2-512. See Utah Code 59-2-502 - owned: includes a vendee in possession under a land contract or one or more joint tenants or tenants in common. See Utah Code 59-2-1202
- Part-year residential property: means property that is not residential property on January 1 of a calendar year but becomes residential property after January 1 of the calendar year. See Utah Code 59-2-102
- 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 :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 property: includes :Utah Code 68-3-12.5
- Personal property: All property that is not real property.
- Personal property: includes :
(a) every class of property as defined in Subsection (29) that is the subject of ownership and is not real estate or an improvement; (b) any pipe laid in or affixed to land whether or not the ownership of the pipe is separate from the ownership of the underlying land, even if the pipe meets the definition of an improvement; (c) bridges and ferries; (d) livestock; and (e) outdoor advertising structures as defined in Section 72-7-502. See Utah Code 59-2-102 - Platted: means land in which:
(a) parcels of ground are laid out and mapped by their boundaries, course, and extent; and (b) the plat has been approved as provided in Section 10-9a-604 or 17-27a-604. See Utah Code 59-2-502 - 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
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Premium: includes , however designated:
(i) an assessment; (ii) a membership fee; (iii) a required contribution; or (iv) monetary consideration. See Utah Code 31A-1-301 - Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Property: means property that is subject to assessment and taxation according to its value. See Utah Code 59-2-102
- property taxes accrued: includes taxes imposed on both the land upon which the home is situated and on the structure of the home itself, whether classified as real property or personal property taxes. See Utah Code 59-2-1202
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Public utility: means :
(i) the operating property of a railroad, gas corporation, oil or gas transportation or pipeline company, coal slurry pipeline company, electrical corporation, sewerage corporation, or heat corporation where the company performs the service for, or delivers the commodity to, the public generally or companies serving the public generally, or in the case of a gas corporation or an electrical corporation, where the gas or electricity is sold or furnished to any member or consumers within the state for domestic, commercial, or industrial use; and (ii) the operating property of any entity or person defined under Section 54-2-1 except water corporations. See Utah Code 59-2-102 - qualifying exempt primary residential rental personal property: means household furnishings, furniture, and equipment that:
(i) are used exclusively within a dwelling unit that is the primary residence of a tenant; (ii) are owned by the owner of the dwelling unit that is the primary residence of a tenant; and (iii) after applying the residential exemption described in Section 59-2-103, are exempt from taxation under this chapter in accordance with Subsection 59-2-1115(2). See Utah Code 59-2-102 - Qualifying trust: means a trust holding title to real or tangible personal property for which an individual:
(a) makes a claim under this part; (b) proves to the satisfaction of the county that title to the portion of the trust will revest in the individual upon the exercise of a power: (i) by: (A) the individual as grantor, trustor, settlor, or in another similar role of the trust; (B) a nonadverse party; or (C) both the individual and a nonadverse party; and (ii) regardless of whether the power is a power: (A) to revoke; (B) to terminate; (C) to alter; (D) to amend; or (E) to appoint; and (c) is obligated to pay the taxes on that portion of the trust property beginning January 1 of the year the individual makes the claim. See Utah Code 59-2-1202 - Quorum: The number of legislators that must be present to do business.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: includes :
(a) the possession of, claim to, ownership of, or right to the possession of land; (b) all mines, minerals, and quarries in and under the land, all timber belonging to individuals or corporations growing or being on the lands of this state or the United States, and all rights and privileges appertaining to these; and (c) improvements. See Utah Code 59-2-102 - Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- 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.
- Remand: When an appellate court sends a case back to a lower court for further proceedings.
- Rental assistance payment: means any payment that:
(i) is made by a: (A) governmental entity; (B) charitable organization; or (C) religious organization; and (ii) is specifically designated for the payment of rent of a claimant: (A) for the calendar year for which the claimant seeks a renter's credit under this part; and (B) regardless of whether the payment is made to the claimant or the landlord. See Utah Code 59-2-1202 - Residence: includes a dwelling that is:
(A) a part of a multidwelling or multipurpose building and a part of the land upon which the multidwelling or multipurpose building is built; and (B) a mobile home or houseboat. See Utah Code 59-2-1202 - Residential property: includes :
(i) except as provided in Subsection (34)(b)(ii), includes household furnishings, furniture, and equipment if the household furnishings, furniture, and equipment are: (A) used exclusively within a dwelling unit that is the primary residence of a tenant; and (B) owned by the owner of the dwelling unit that is the primary residence of a tenant; and (ii) if the county assessor determines that the property will be used for residential purposes as a primary residence: (A) property under construction; or (B) unoccupied property. See Utah Code 59-2-102 - Road: includes :Utah Code 68-3-12.5
- Rollback tax: means the tax imposed under Section 59-2-506. See Utah Code 59-2-502
- 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 - Sell: means to exchange a contract of insurance:
(a) by any means; (b) for money or its equivalent; and (c) on behalf of an insurance company. See Utah Code 31A-1-301 - Service of process: The service of writs or summonses to the appropriate party.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- specie legal tender: means gold or silver coin that is issued by the United States. See Utah Code 59-1-1501.1
- Split estate mineral rights owner: means a person that:
- Actively devoted to agricultural use: means that the land in agricultural use produces in excess of 50% of the average agricultural production per acre: