Utah Code > Title 63G > Chapter 22 – State Training and Certification Requirements
Current as of: 2023 | Check for updates
|
Other versions
§ 63G-22-101 | Title |
§ 63G-22-102 | Definitions |
§ 63G-22-103 | State training and certification requirements |
Terms Used In Utah Code > Title 63G > Chapter 22 - State Training and Certification Requirements
- Accident and health insurance: means insurance to provide protection against economic losses resulting from:
(i) a medical condition including: (A) a medical care expense; or (B) the risk of disability; (ii) accident; or (iii) sickness. 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 - consultant: means a person who:
(a) advises another person about insurance needs and coverages; (b) is compensated by the person advised on a basis not directly related to the insurance placed; and (c) except as provided in Section 31A-23a-501, is not compensated directly or indirectly by an insurer or producer for advice given. See Utah Code 31A-1-301 - Contract: A legal written agreement that becomes binding when signed.
- 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 - 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 - Managing general agent: means a person that:
(i) manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office; (ii) acts as an agent for the insurer whether it is known as a managing general agent, manager, or other similar term; (iv) (A) adjusts or pays claims in excess of an amount determined by the commissioner; or (B) negotiates reinsurance on behalf of the insurer. See Utah Code 31A-23a-102 - Motor club: means a person:
(a) licensed under: (i) Chapter 5, Domestic Stock and Mutual Insurance Corporations; (ii) Chapter 11, Motor Clubs; or (iii) Chapter 14, Foreign Insurers; and (b) that promises for an advance consideration to provide for a stated period of time one or more: (i) legal services under Subsection 31A-11-102(1)(b); (ii) bail services under Subsection 31A-11-102(1)(c); or (iii) (A) trip reimbursement; (B) towing services; (C) emergency road services; (D) stolen automobile services; (E) a combination of the services listed in Subsections (126)(b)(iii)(A) through (D); or (F) other services given in Subsections 31A-11-102(1)(b) through (f). See Utah Code 31A-1-301 - Negotiate: means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning a substantive benefit, term, or condition of the contract if the person engaged in that act:
(a) sells insurance; or (b) obtains insurance from insurers for purchasers. See Utah Code 31A-23a-102 - Person: means :Utah Code 68-3-12.5
- Political subdivision: means :
(a) a county; (b) a municipality, as defined in Section 10-1-104; (c) a special district; (d) a special service district; (e) an interlocal entity, as defined in Section 11-13-103; (f) a community reinvestment agency; (g) a local building authority; or (h) a conservation district. See Utah Code 63G-22-102 - 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
- Public employee: means any individual employed by or volunteering for a state agency or a political subdivision who is not a public official. See Utah Code 63G-22-102
- Public official: means :
(i) an appointed official or an elected official as those terms are defined in Section 63A-17-502; or (ii) an individual elected or appointed to a county office, municipal office, school board or school district office, special district office, or special service district office. See Utah Code 63G-22-102 - 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
- 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-23a-102 - Solicit: means :
(a) attempting to sell insurance; (b) asking or urging a person to apply for: (i) a particular kind of insurance; and (ii) insurance from a particular insurance company; (c) advertising insurance, including advertising for the purpose of obtaining leads for the sale of insurance; or (d) holding oneself out as being in the insurance business. See Utah Code 31A-23a-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
- State agency: means a department, division, board, council, committee, institution, office, bureau, or other similar administrative unit of the executive branch of state government. See Utah Code 63G-22-102
- Surplus: means the excess of assets over the sum of paid-in capital and liabilities. See Utah Code 31A-1-301
- Taxed interlocal entity: means the same as that term is defined in Section 11-13-602. See Utah Code 63G-22-102
- Agency: means :