Utah Code 31A-22-1401. Application

31A-22-1401. Application.

(1)	The requirements of this part apply to individual policies and to group policies and certificates marketed in this state on or after July 1, 2001.

Terms Used In Utah Code 31A-22-1401

Individual: means a natural person. 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

Long-term care insurance: includes :

(i)

any of the following that provide directly or supplement long-term care insurance:

(A)	a group or individual annuity or rider; or

(B)	a life insurance policy or rider;

(ii)

a policy or rider that provides for payment of benefits on the basis of:

(A)	cognitive impairment; or

(B)	functional capacity; or

(iii)

a qualified long-term care insurance contract. See Utah Code 31A-1-301

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

Rider: means an endorsement to:

(a)	an insurance policy; or

(b)	an insurance certificate. See Utah Code 31A-1-301 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
(2)	Entities subject to this part shall comply with other applicable insurance laws and rules unless they are in conflict with this part.

(3)	The laws, regulations, and rules designed and intended to apply to Medicare supplement insurance policies may not be applied to long-term care insurance.

(4)	Any policy or rider advertised, marketed, or offered as long-term care or nursing home insurance shall comply with the provisions of this part.

Amended by Chapter 193, 2019 General Session

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