Terms Used In Utah Code > Title 34 > Chapter 57 - Portable Benefit Plan

• 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}
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Hiring party: means a person who hires or enters into a contract with an independent contractor. See Utah Code 34-57-101
• Independent contractor: means the same as that term is defined in Section 34A-2-103. See Utah Code 34-57-101
• Municipality: means a city, town, or metro township. See Utah Code 17B-1-102
• Person: means :Utah Code 68-3-12.5
• Portable benefit plan: means a group that:

  (a)	offers an insurance product regulated by: (i)  Title 31A, Insurance Code; or (ii)  Title 35A, Chapter 4, Employment Security Act; and

  (b)

  is assigned to an individual beneficiary and is not associated with a specific employer or hiring party. See Utah Code 34-57-101 Property: includes both real and personal property. See Utah Code 68-3-12.5 Special district: means a limited purpose local government entity, as described in Section 17B-1-103, that operates under, is subject to, and has the powers described in: (a)  this chapter; or (b)  (i)  this chapter; and (ii)  (A)  1; (B)  2; (C)  3; (D)  4; (E)  5; (F)  6; (G)  7; (H)  8; (I)  9; (J)  10; or (K)  11. See Utah Code 17B-1-102 State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5 Unincorporated: means not included within a municipality. See Utah Code 17B-1-102