Utah Code > Title 31A > Chapter 23a – Insurance Marketing – Licensing Producers, Consultants, and Reinsurance Intermediaries
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Terms Used In Utah Code > Title 31A > Chapter 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries
- 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 - Action settlement agreement: includes a stipulation, consent decree, settlement agreement, or any other legally binding document or representation that resolves a threatened or pending lawsuit between the state and another party by requiring the state to take legally binding action. See Utah Code 63G-10-102
- Actuary: is a s defined by the commissioner by rule, made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act. See Utah Code 31A-1-301
- Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
- Adjudicative proceeding: means :Utah Code 68-3-12.5
- Administrator: means the same as that term is defined in Subsection (182). See Utah Code 31A-1-301
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Affected area: means :
(a) the area that is designated in statute, county ordinance, or municipal ordinance as the area for which public notice must be provided; (b) in relation to a statute, if no affected area is designated in the statute, the affected area is the state; (c) in relation to a county ordinance, if no affected area is designated in the county ordinance, the affected area is the county; or (d) in relation to a municipal ordinance, if no affected area is designated in the municipal ordinance, the affected area is the municipality. See Utah Code 63G-30-101 - Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Affiliate: means a person who controls, is controlled by, or is under common control with, another person. See Utah Code 31A-1-301
- Affiliated business: means the gross transaction revenue of a title entity's title insurance business in the state that is the result of an affiliated business arrangement. See Utah Code 31A-23a-1001
- Affiliated business arrangement: means the same as that term is defined in 12 U. See Utah Code 31A-23a-1001
- Affiliation: means association with an entity, including association in the form of employment, ownership, shareholdership, or financial interest. See Utah Code 63G-24-102
- Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
- Agency: includes the legislative branch, the judicial branch, the attorney general's office, the State Board of Education, the Utah Board of Higher Education, the institutional councils of each higher education institution, and each higher education institution. See Utah Code 63G-10-102
- Agency: means :
(a) the House of Representatives; (b) the Senate; (c) a staff office of the Legislature; (d) a department in the executive branch of state government; (e) the Judicial Council; or (f) a state institution of higher education. See Utah Code 63G-17-102 - Agency: means the same as that term is defined in Section 63G-4-103. See Utah Code 63G-24-102
- 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 - agency: means any state authority, board, commission, department, division, office, or other agency, and the statute that established it. See Utah Code 63I-1-102
- Agency head: means a cabinet officer, an elected official, an executive director, or a board or commission vested with responsibility to administer or make policy for a state agency. See Utah Code 63I-5-102
- Aggregator site: means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparison shopping. See Utah Code 31A-23a-902
- Alien insurer: means an insurer domiciled outside the United States. See Utah Code 31A-1-301
- Allegation: something that someone says happened.
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Annuity: means an agreement to make periodical payments for a period certain or over the lifetime of one or more individuals if the making or continuance of all or some of the series of the payments, or the amount of the payment, is dependent upon the continuance of human life. See Utah Code 31A-1-301
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Applicable percentage: means :
(a) on February 1, 2020, through January 31, 2021, 0. See Utah Code 31A-23a-1001 - Application: means a document:
(b) used by the insurer to gather information from the applicant before issuance of an annuity contract. See Utah Code 31A-1-301 - Appointed board member: means an individual appointed by the governor, with the consent of the Senate, to serve on a rulemaking board. See Utah Code 63G-24-102
- Appointing authority: means :
(a) the governor, for state agencies other than the State Tax Commission; (b) the Judicial Council, for judicial branch agencies; (c) the Utah Board of Higher Education, for higher education entities; (d) the State Board of Education, for entities administered by the State Board of Education; or (e) the four tax commissioners, for the State Tax Commission. See Utah Code 63I-5-102 - Appraisal: A determination of property value.
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Armed forces: means the United States Army, Navy, Air Force, Marine Corps, Space Force, and Coast Guard. See Utah Code 68-3-12.5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Associate: means the same as that term is defined in 12 U. See Utah Code 31A-23a-1001
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- Audit committee: means a standing committee composed of members who:
(a) are appointed by an appointing authority; (b) (i) do not have administrative responsibilities within the agency; and (ii) are not an agency contractor or other service provider; and (c) have the expertise to provide effective oversight of and advice about internal audit activities and services. See Utah Code 63I-5-102 - Authority: means the Military Installation Development Authority, created under Section 63H-1-201. See Utah Code 63H-1-102
- Authority: means the Utah Communications Authority created in Section 63H-7a-201. See Utah Code 63H-7a-103
- authorized insurer: means an insurer:
(i) holding a valid certificate of authority to do an insurance business in this state; and (ii) transacting business as authorized by a valid certificate. See Utah Code 31A-1-301 - Backhaul network: means the portion of a public safety communications network that consists primarily of microwave paths, fiber lines, or ethernet circuits. See Utah Code 63H-7a-103
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Base taxable value: means :
(a) for military land or other land that was exempt from a property tax at the time that a project area was created that included the military land or other land, a taxable value of zero; or (b) for private property that is included in a project area, the taxable value of the property within any portion of the project area, as designated by board resolution, from which the property tax allocation will be collected, as shown upon the assessment roll last equalized: (i) before the year in which the authority creates the project area; or (ii) before the year in which the project area plan is amended, for property added to a project area by an amendment to a project area plan. See Utah Code 63H-1-102 - Basic health insurance plan: means a health plan that is actuarially equivalent to a federally qualified high deductible health plan. See Utah Code 63G-12-102
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- biotechnology: is:
(a) the modification of living organisms by recombinant DNA techniques; and (b) a means to accomplish, through genetic engineering, the same kinds of modifications accomplished through traditional genetic techniques such as crossbreeding. See Utah Code 63G-19-101 - Blanket travel insurance: means a travel insurance policy that:
(a) an insurer issues to an eligible group; and (b) covers: (i) a specific class of persons defined in the policy; and (ii) all members of the eligible group without a separate charge to an individual member of the eligible group. See Utah Code 31A-23a-902 - Board: means the governing body of the authority created under Section 63H-1-301. See Utah Code 63H-1-102
- Board: means the Utah Communications Authority Board created in Section 63H-7a-203. See Utah Code 63H-7a-103
- board of directors: means the group of persons with responsibility over, or management of, a corporation, however designated. See Utah Code 31A-1-301
- Boycott action: means refusing to deal, terminating business activities, or limiting commercial relations. See Utah Code 63G-27-102
- Boycotted company: means a company that:
(a) engages in the exploration, production, utilization, transportation, sale, or manufacture of fossil fuel-based energy, timber, mining, or agriculture; (b) engages in, facilitates, or supports the manufacture, distribution, sale, or use of firearms; (c) does not meet or commit to meet environmental standards, including standards for eliminating, reducing, offsetting, or disclosing greenhouse gas-emissions, beyond applicable state and federal law requirements; or (d) does not facilitate or commit to facilitate access to abortion or sex characteristic surgical procedures. See Utah Code 63G-27-102 - Business entity: means :
(a) a corporation; (b) an association; (c) a partnership; (d) a limited liability company; (e) a limited liability partnership; or (f) another legal entity. See Utah Code 31A-1-301 - business of insurance: includes :
(a) providing health care insurance by an organization that is or is required to be licensed under this title; (b) providing a benefit to an employee in the event of a contingency not within the control of the employee, in which the employee is entitled to the benefit as a right, which benefit may be provided either: (i) by a single employer or by multiple employer groups; or (ii) through one or more trusts, associations, or other entities; (c) providing an annuity: (i) including an annuity issued in return for a gift; and (ii) except an annuity provided by a person specified in Subsections 31A-22-1305(2) and (3); (d) providing the characteristic services of a motor club; (e) providing another person with insurance; (f) making as insurer, guarantor, or surety, or proposing to make as insurer, guarantor, or surety, a contract or policy offering title insurance; (g) transacting or proposing to transact any phase of title insurance, including: (i) solicitation; (ii) negotiation preliminary to execution; (iii) execution of a contract of title insurance; (iv) insuring; and (v) transacting matters subsequent to the execution of the contract and arising out of the contract, including reinsurance; (h) transacting or proposing a life settlement; and (i) doing, or proposing to do, any business in substance equivalent to Subsections (95)(a) through (h) in a manner designed to evade this title. See Utah Code 31A-1-301 - CAD-to-CAD: means standardized connectivity between PSAPs or between a PSAP and a dispatch center for the transmission of data between CADs. See Utah Code 63H-7a-103
- Cancellation fee waiver: means a contractual agreement that:
(a) is between a supplier of a travel assistance service and the supplier's customer; and (b) waives a non-refundable cancellation fee provision of the supplier's underlying travel contract, with or without regard to: (i) the reason for the cancellation; or (ii) the form of reimbursement. See Utah Code 31A-23a-902 - Casualty insurance: means liability insurance. See Utah Code 31A-1-301
- Certificate: means evidence of insurance given to:
(a) an insured under a group insurance policy; or (b) a third party. See Utah Code 31A-1-301 - Child placing: means the same as that term is defined in Section 62A-2-101. See Utah Code 63G-20-102
- Child-placing agency: means a private person that is engaged in child placing related to a child who is not in the custody of the state. See Utah Code 63G-20-102
- City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Company: includes any wholly-owned subsidiary, majority-owned subsidiary, parent company, or affiliate of an entity described in Subsection (4)(a). See Utah Code 63G-27-102
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- 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 - Controlled insurer: means a licensed insurer that is either directly or indirectly controlled by a producer. See Utah Code 31A-1-301
- Controlling person: means a person that directly or indirectly has the power to direct or cause to be directed, the management, control, or activities of a reinsurance intermediary. See Utah Code 31A-1-301
- Controlling producer: means a producer who directly or indirectly controls an insurer. See Utah Code 31A-1-301
- Conviction: A judgement of guilt against a criminal defendant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means an insurance corporation, except when referring to:
(i) a corporation doing business: (A) as: (I) an insurance producer; (II) a surplus lines producer; (III) a limited line producer; (IV) a consultant; (V) a managing general agent; (VI) a reinsurance intermediary; (VII) a third party administrator; or (VIII) an adjuster; and (B) under: (I) Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries; (II) Chapter 25, Third Party Administrators; or (III) Chapter 26, Insurance Adjusters; or (ii) a noninsurer that is part of a holding company system under Chapter 16, Insurance Holding Companies. See Utah Code 31A-1-301 - Corporation: means the Utah Housing Corporation created by Section 63H-8-201, which, prior to July 1, 2001, was named the Utah Housing Finance Agency. See Utah Code 63H-8-103
- County executive: means :Utah Code 68-3-12.5
- County legislative body: means :Utah Code 68-3-12.5
- Credit insurance: includes :
(i) credit accident and health insurance; (ii) credit life insurance; (iii) credit property insurance; (iv) credit unemployment insurance; (v) guaranteed automobile protection insurance; (vi) involuntary unemployment insurance; (vii) mortgage accident and health insurance; (viii) mortgage guaranty insurance; and (ix) mortgage life insurance. See Utah Code 31A-1-301 - Credit Score: A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Source: OCC
- Customer service representative: means a person that provides an insurance service and insurance product information:
(i) for the customer service representative's: (A) producer; (B) surplus lines producer; or (C) consultant employer; and (ii) to the customer service representative's employer's: (A) customer; (B) client; or (C) organization. See Utah Code 31A-1-301 - Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Deadline: means a final date or time:
(a) imposed by: (i) statute; (ii) rule; or (iii) order; and (b) by which a required filing or payment must be received by the department. See Utah Code 31A-1-301 - Dedicated tax collections: means the property tax that remains after the authority is paid the property tax allocation the authority is entitled to receive under Subsection 63H-1-501(1), for a property tax levied by:
(i) a county, including a district the county has established under Subsection 17-34-3(2) to levy a property tax under Title 17, Chapter 34, Municipal-Type Services to Unincorporated Areas; or (ii) an included municipality. See Utah Code 63H-1-102 - Deed: The legal instrument used to transfer title in real property from one person to another.
- Department: means the Department of Public Safety created in Section 53-1-103. See Utah Code 63G-12-102
- Department: means the Insurance Department. See Utah Code 31A-1-301
- Dependent: A person dependent for support upon another.
- Designated agency: means :
(a) the Governor's Office of Economic Opportunity; (b) the Division of Wildlife Resources; (c) the Department of Public Safety; (d) the Division of Technology Services; or (e) the Department of Workforce Services. See Utah Code 63G-21-102 - Designated county: means :
(a) Salt Lake County; (b) Davis County; (c) Utah County; (d) Weber County; (e) Box Elder County; (f) Cache County; (g) Duchesne County; or (h) Uintah County. See Utah Code 63G-17-102 - Designated home state: means the state or territory of the United States or the District of Columbia:
(a) in which an insurance producer, limited lines producer, consultant, managing general agent, or reinsurance intermediary licensee does not maintain the licensee's principal: (i) place of residence; or (ii) place of business; (b) if the resident state, territory, or District of Columbia of the licensee does not license for the line of authority sought, the licensee has qualified for the license as if the person were a resident in the state, territory, or District of Columbia described in Subsection (2)(a), including an applicable: (i) examination requirement; (ii) fingerprint background check requirement; and (iii) continuing education requirement; and (c) if the licensee has designated the state, territory, or District of Columbia as the designated home state. See Utah Code 31A-23a-102 - Develop: means to engage in development. See Utah Code 63H-1-102
- Development: includes the demolition, construction, reconstruction, modification, expansion, maintenance, operation, or improvement of a building, facility, utility, landscape, parking lot, park, trail, or recreational amenity. See Utah Code 63H-1-102
- Development project: means a project to develop land within a project area. See Utah Code 63H-1-102
- Director: means a member of the board of directors of a corporation. See Utah Code 31A-1-301
- Disability: means a physiological or psychological condition that partially or totally limits an individual's ability to:
(a) perform the duties of: (i) that individual's occupation; or (ii) an occupation for which the individual is reasonably suited by education, training, or experience; or (b) perform two or more of the following basic activities of daily living: (i) eating; (ii) toileting; (iii) transferring; (iv) bathing; or (v) dressing. See Utah Code 31A-1-301 - Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Dispatch center: means an entity that receives and responds to an emergency or nonemergency communication transferred to the entity from a public safety answering point. See Utah Code 63H-7a-103
- Division: means the Division of Real Estate created in Section 61-2-201. See Utah Code 31A-23a-1001
- Division: means the Division of Facilities Construction and Management created in Section 63A-5b-301. See Utah Code 63G-28-301
- Donor: The person who makes a gift.
- E-verify program: means the electronic verification of the work authorization program of the Illegal Immigration Reform and Immigration Responsibility Act of 1996, 8 U. See Utah Code 63G-12-102
- Economic boycott: means , without an ordinary business purpose:
(a) engaging in a boycott action targeting: (i) a boycotted company; or (ii) another company because the company does business with a boycotted company; or (b) taking an action intended to penalize, inflict economic harm to, or change or limit the activities of: (i) a boycotted company; or (ii) another company because the company does business with a boycotted company. See Utah Code 63G-27-102 - Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- Eligible group: includes :
(i) an entity engaged in the business of providing travel or a travel service in which, with regard to the particular travel or travel service or type of travel or travelers, all members or customers of the group have common exposure to risk attendant to that travel, including: (A) a tour operator; (B) a lodging provider; (C) a vacation property owner; (D) a hotel or resort; (E) a travel club; (F) a travel agency; (G) a property manager; (H) a cultural exchange program; (I) a common carrier; and (J) the operator, owner, or lessor of a means of transportation of passengers, including an airline, a cruise line, a railroad, a steamship company, and a public bus carrier; (ii) a college, school, or other institution of learning, covering students, teachers, employees, or volunteers; (iii) an employer covering employees, volunteers, contractors, a board of directors, dependents, or guests; (iv) a sports team, camp, or a sponsor of a sports team or camp, covering participants, members, campers, employees, officials, supervisors, or volunteers; (v) a religious, charitable, recreational, educational, or civic organization, or a branch of a religious, charitable, recreational, educational, or civic organization, covering members, participants, or volunteers; (vi) a financial institution, a financial institution vendor, or a parent holding company, trustee, or agent of or designated by a financial institution or a financial institution vendor, covering accountholders, credit card holders, debtors, guarantors, or purchasers; (vii) an incorporated or unincorporated association, including a labor union, that: (A) has a common interest, constitution, and bylaws; (B) is organized and maintained in good faith for a purpose other than to cover members or participants of the association; and (C) covers members of the association; (viii) an entertainment production company covering participants, volunteers, audience members, contestants, or workers; (ix) a volunteer fire department, ambulance, rescue, police, or court or a volunteer first aid, civil defense, or other volunteer group similar to first aid or civil defense, covering members, participants, or volunteers; (x) a preschool, a daycare institution for children or adults, or a senior citizen club, covering attendees or participants; (xi) an automobile or truck rental or leasing company: (A) covering individuals who may become renters, lessees, or passengers depending on the travel status of the individual on a rented or leased vehicle; and (B) if the common carrier, operator, owner or lessor of the means of transportation, or the automobile or truck rental or leasing company is the policyholder; and (xii) a group not described in Subsections (4)(b)(i) through (xi), if the commissioner determines that: (A) the members of the group are engaged in a common enterprise, or have an economic, educational, or social affinity or relationship; and (B) issuance of the policy would not be contrary to the public interest. See Utah Code 31A-23a-902 - Employee: means an individual employed by an employer under a contract for hire. See Utah Code 63G-12-102
- Employee: means :
(a) an individual employed by an employer; or (b) an individual who meets the requirements of Subsection (53)(b). See Utah Code 31A-1-301 - Employee benefits: means one or more benefits or services provided to:
(a) an employee; or (b) a dependent of an employee. See Utah Code 31A-1-301 - Employee of the corporation: means an individual who is employed by the corporation but who is not a trustee of the corporation. See Utah Code 63H-8-103
- Employer: means a person who has one or more employees employed in the same business, or in or about the same establishment, under any contract of hire, express or implied, oral or written. See Utah Code 63G-12-102
- Endorsement: means a written agreement attached to a policy or certificate to modify the policy or certificate coverage. See Utah Code 31A-1-301
- Enrollee: includes an insured. See Utah Code 31A-1-301
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Escrow: means :
(i) a transaction that effects the sale, transfer, encumbering, or leasing of real property, when a person not a party to the transaction, and neither having nor acquiring an interest in the title, performs, in accordance with the written instructions or terms of the written agreement between the parties to the transaction, any of the following actions: (A) the explanation, holding, or creation of a document; or (B) the receipt, deposit, and disbursement of money; (ii) a settlement or closing involving: (A) a mobile home; (B) a grazing right; (C) a water right; or (D) other personal property authorized by the commissioner. See Utah Code 31A-1-301 - Escrow agent: means an agency title insurance producer meeting the requirements of Sections 31A-4-107, 31A-14-211, and 31A-23a-204, who is acting through an individual title insurance producer licensed with an escrow subline of authority. See Utah Code 31A-1-301
- Exclusion: means for the purposes of accident and health insurance that an insurer does not provide insurance coverage, for whatever reason, for one of the following:
(a) a specific physical condition; (b) a specific medical procedure; (c) a specific disease or disorder; or (d) a specific prescription drug or class of prescription drugs. See Utah Code 31A-1-301 - Executive: when used to describe the powers, duties, or functions of a person or body elected as the county executive or a person appointed as the county manager or administrative officer, refers to:
(a) the power and duty to carry laws and ordinances into effect and secure their due observance; and (b) those powers, duties, and functions that, under constitutional and statutory provisions and through long usage and accepted practice and custom at the federal and state level, have come to be regarded as belonging to the executive branch of government. See Utah Code 17-50-101 - Executive director: means the individual appointed under Section 63A-1-105 as the executive director of the Department of Government Operations, created in Section 63A-1-104. See Utah Code 63G-10-501
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Family member: means for an undocumented individual:
(a) a member of the undocumented individual's immediate family; (b) the undocumented individual's grandparent; (c) the undocumented individual's sibling; (d) the undocumented individual's grandchild; (e) the undocumented individual's nephew; (f) the undocumented individual's niece; (g) a spouse of an individual described in this Subsection (6); or (h) an individual who is similar to one listed in this Subsection (6). See Utah Code 63G-12-102 - Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Fiduciary: A trustee, executor, or administrator.
- 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) rule. 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 - Financial assistance: includes :
(a) a loan, whether interest or noninterest bearing, secured or unsecured; (b) a loan that converts to a grant upon the occurrence of specified conditions; (c) a development loan; (d) a grant; (e) an award; (f) a subsidy; (g) a guarantee; (h) a warranty; (i) a lease; (j) a payment on behalf of a borrower of an amount usually paid by a borrower, including a down payment; (k) any other form of financial assistance that helps provide affordable housing for low and moderate income persons; or (l) any combination of Subsections (5)(a) through (k). See Utah Code 63H-8-103 - Financial settlement agreement: includes a stipulation, consent decree, settlement agreement, and any other legally binding document or representation that resolves a dispute between the state and another party exclusively by requiring the payment of money from one party to the other. See Utah Code 63G-10-102
- First-time homebuyer: means an individual who qualifies for assistance under 42 U. See Utah Code 63H-8-501
- FirstNet: means the federal First Responder Network Authority established in 47 U. See Utah Code 63H-7a-103
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Form: means one of the following prepared for general use:
(i) a policy; (ii) a certificate; (iii) an application; (iv) an outline of coverage; or (v) an endorsement. See Utah Code 31A-1-301 - Fraud: Intentional deception resulting in injury to another.
- Fulfillment material: means documentation that:
(a) is sent to the purchaser of a travel protection plan; (b) confirms the purchase of the travel protection plan; and (c) provides the travel protection plan's coverage and assistance details. See Utah Code 31A-23a-902 - Fund: means the Olympic and Paralympic Venues Grant Fund. See Utah Code 63G-28-301
- Games: means the 2030 or 2034 Olympic and Paralympic Winter Games. See Utah Code 63G-28-101
- Games committee: means the Olympic and Paralympic Winter Games Coordination Committee created in Section 63G-28-201. See Utah Code 63G-28-101
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Government entities: means the state and its political subdivisions. See Utah Code 63G-10-102
- Government entity: means the state and its political subdivisions as both are defined in this section. See Utah Code 63G-15-102
- Government official: means an individual elected or appointed to a state office, county office, municipal office, school board, school district office, special district office, or special service district office. See Utah Code 63G-30-101
- Government retaliation: means an action by a state or local government or an action by a state or local government official that:
(a) is taken in response to a person's exercise of a protection contained in Section 17-20-4, 63G-20-201, 63G-20-203. See Utah Code 63G-20-102 - Group insurance policy: means a policy covering a group of persons that is issued:
(i) to a policyholder on behalf of the group; and (ii) for the benefit of a member of the group who is selected under a procedure defined in: (A) the policy; or (B) an agreement that is collateral to the policy. See Utah Code 31A-1-301 - Guest worker: means an undocumented individual who holds a guest worker permit. See Utah Code 63G-12-102
- Guest worker permit: means a permit issued in accordance with Section 63G-12-207 to an undocumented individual who meets the eligibility criteria of Section 63G-12-205. See Utah Code 63G-12-102
- Health benefit plan: means a policy, contract, certificate, or agreement offered or issued by an insurer to provide, deliver, arrange for, pay for, or reimburse any of the costs of health care, including major medical expense coverage. See Utah Code 31A-1-301
- Health care: means any of the following intended for use in the diagnosis, treatment, mitigation, or prevention of a human ailment or impairment:
(a) a professional service; (b) a personal service; (c) a facility; (d) equipment; (e) a device; (f) supplies; or (g) medicine. See Utah Code 31A-1-301 - 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 - Highway: includes :Utah Code 68-3-12.5
- Home equity amount: means the difference between:
(a) (i) in the case of a sale, the sales price for which the qualifying residential unit is sold by the recipient in a bona fide sale to a third party with no right to repurchase; or (ii) in the case of a refinance, the current appraised value of the qualifying residential unit; and (b) the total payoff amount of any qualifying mortgage loan that was used to finance the purchase of the qualifying residential unit. See Utah Code 63H-8-501 - Home state: means :
(a) a state or territory of the United States or the District of Columbia in which an insurance producer, limited lines producer, consultant, managing general agent, or reinsurance intermediary licensee: (i) maintains the licensee's principal: (A) place of residence; or (B) place of business; and (ii) is licensed to act as a resident licensee; or (b) if the resident state, territory, or the District of Columbia described in Subsection (3)(a) does not license for the line of authority sought, a state, territory, or the District of Columbia: (i) in which the licensee is licensed; (ii) in which the licensee is in good standing; and (iii) that the licensee has designated as the licensee's designated home state. See Utah Code 31A-23a-102 - Host agreement: means an agreement with a site selection committee that is made in connection with the selection of the state for the location of the games. See Utah Code 63G-28-101
- Host assurance: means a written assurance to a site selection committee that is made in connection with the selection of the state for the location of the games. See Utah Code 63G-28-101
- Host committee: means a nonprofit corporation, including a successor in interest, that may:
(a) provide an application and bid to a site selection committee for selection of the state as the location of the games; and (b) execute an agreement with the United States Olympic and Paralympic Committee regarding a bid and the bid process to host the games. See Utah Code 63G-28-101 - Housing development: means a residential housing project, which includes residential housing for low and moderate income persons. See Utah Code 63H-8-103
- Housing sponsor: includes a person who constructs, develops, rehabilitates, purchases, or owns a housing development that is or will be subject to legally enforceable restrictive covenants that require the housing development to provide, at least in part, residential housing to low and moderate income persons, including a local public body, a nonprofit, limited profit, or for profit corporation, a limited partnership, a limited liability company, a joint venture, a subsidiary of the corporation, or any subsidiary of the subsidiary, a cooperative, a mutual housing organization, or other type of entity or arrangement that helps provide affordable housing for low and moderate income persons. See Utah Code 63H-8-103
- Immediate family: means for an undocumented individual:
(a) the undocumented individual's spouse; or (b) a child of the undocumented individual if the child is: (i) under 21 years old; and (ii) unmarried. See Utah Code 63G-12-102 - Immediate family permit: means a permit issued in accordance with Section 63G-12-207 to an undocumented individual who meets the eligibility criteria of Section 63G-12-206. See Utah Code 63G-12-102
- improvements: means the replacement or addition to infrastructure, buildings, building components, or facility equipment. See Utah Code 63G-28-301
- Included municipality: means a municipality, some or all of which is included within a project area. See Utah Code 63H-1-102
- Indemnity: means the payment of an amount to offset all or part of an insured loss. See Utah Code 31A-1-301
- Individual: means a natural person. See Utah Code 31A-1-301
- Inland marine insurance: includes insurance covering:
(a) property in transit on or over land; (b) property in transit over water by means other than boat or ship; (c) bailee liability; (d) fixed transportation property such as bridges, electric transmission systems, radio and television transmission towers and tunnels; and (e) personal and commercial property floaters. See Utah Code 31A-1-301 - insolvent: means that:
(a) an insurer is unable to pay the insurer's obligations as the obligations are due; (b) an insurer's total adjusted capital is less than the insurer's mandatory control level RBC under Subsection 31A-17-601(8)(c); or (c) an insurer's admitted assets are less than the insurer's liabilities. 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 - insurance company: means a person doing an insurance business as a principal including:
(i) a fraternal benefit society; (ii) an issuer of a gift annuity other than an annuity specified in Subsections 31A-22-1305(2) and (3); (iii) a motor club; (iv) an employee welfare plan; (v) a person purporting or intending to do an insurance business as a principal on that person's own account; and (vi) a health maintenance organization. See Utah Code 31A-1-301 - Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes: