Utah Code 31A-22-317. Definitions
Current as of: 2023 | Check for updates
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As used in Sections 31A-22-316 through 31A-22-319:
(1) | “Aftermarket crash part” means a replacement for any of the nonmechanical sheet metal or plastic parts that generally constitute the exterior of a motor vehicle, including inner and outer panels. |
(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
Renumbered and Amended by Chapter 8, 1995 General Session |