Utah Code 31A-36-105. Filing and use of forms for life settlement and disclosure

(1)	A person may not use a form unless the form is filed with the commissioner under Subsection 31A-21-201(1).

Advertising: includes the following, if the requirements of Subsection (1)(a) are met:

(i)	a written, electronic, or printed communication;

(ii)	a communication by means of a recorded telephone message;

(iii)

a communication transmitted on radio, television, the Internet, or similar communications media; and

(iv)

a film strip, motion picture, or video. See Utah Code 31A-36-102

Filed: means that a filing is:

(i)	submitted to the department as required by and in accordance with applicable statute, rule, or filing order;

(ii)	received by the department within the time period provided in applicable statute, rule, or filing order; and

(iii)

accompanied by the appropriate fee in accordance with:

(A)	Section 31A-3-103; or

(B)

Form: means , in addition to a form as defined in Section 31A-1-301:

(a)	a life settlement;

(b)	a disclosure to an owner;

(c)	a notice of intent to settle; or

(d)

a verification of coverage. See Utah Code 31A-36-102

Person: includes :

(a)	an individual;

(b)	a partnership;

(c)	a corporation;

(d)	an incorporated or unincorporated association;

(e)	a joint stock company;

(f)

a trust;

(g)	a limited liability company;

(h)	a reciprocal;

(i)	a syndicate; or

(j)	another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301
(2)	The commissioner may prohibit the use of a form submitted under Subsection (1) pursuant to Subsection 31A-21-201(3).

(3)	The commissioner may require the submission of advertising material before its use.

Amended by Chapter 355, 2009 General Session