Terms Used In Utah Code 31A-22-400

• blanket contract: means a group insurance policy covering a defined class of persons:
       (14)(a) without individual underwriting or application; and
       (14)(b) that is determined by definition without designating each person covered. See Utah Code 31A-1-301
• Contract: A legal written agreement that becomes binding when signed.
• Insurance: includes :
            (96)(b)(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;
            (96)(b)(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
            (96)(b)(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
• Life insurance: means :
            (114)(a)(i) insurance on a human life; and
            (114)(a)(ii) insurance pertaining to or connected with human life. See Utah Code 31A-1-301