Terms Used In Utah Code 31A-12-103

• Department: means the Insurance Department. 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 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 Risk Management Fund: means the fund created under Section 63A-4-201. See Utah Code 31A-12-101      The rates charged to school districts for policies issued under Section 63A-4-204 are not subject to Chapter 19a, Utah Rate Regulation Act, except for the filing requirement of Subsection 31A-19a-203(1) and the public availability requirement of Section 31A-19a-204. Rate filing fees under Section 31A-3-103 shall be paid to the department by the Risk Management Fund. Amended by Chapter 130, 1999 General Session   Previous section Next section    Chapter 12 Contents