Utah Code 31A-22-501.1. Employer groups
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(1) The lives of a group of individuals may be insured under a policy:
Terms Used In Utah Code 31A-22-501.1
- Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes:(103)(a)(i) a policyholder;(103)(a)(ii) a subscriber;(103)(a)(iii) a member; and(103)(a)(iv) a beneficiary. See Utah Code 31A-1-301
- Policy: includes a service contract issued by:
(150)(b)(i) a motor club under Chapter 11, Motor Clubs;(150)(b)(ii) a service contract provided under Chapter 6a, Service Contracts; and(150)(b)(iii) a corporation licensed under:(150)(b)(iii)(A) Chapter 7, Nonprofit Health Service Insurance Corporations; or(150)(b)(iii)(B) Chapter 8, Health Maintenance Organizations and Limited Health Plans. See Utah Code 31A-1-301- Policyholder: means a person who controls a policy, binder, or oral contract by ownership, premium payment, or otherwise. See Utah Code 31A-1-301
(1)(a) issued as a policyholder, to:(1)(a)(i) an employer; or(1)(a)(ii) an employer sponsored trust for the benefit of the employer’s employees;(1)(b) having an insurable interest as stated in Subsection 31A-21-104(3)(d); and(1)(c) subject to the requirement of Subsection 31A-21-104(3)(d)(v).(2) A policy issued under this section is not subject to:(2)(a) Section 31A-21-311; and(2)(b) Sections 31A-22-516 through 31A-22-522. - Policy: includes a service contract issued by: