Terms Used In Utah Code 31A-32a-107

• Account administrator: means any of the following:
       (1)(a) a depository institution as defined in Section 7-1-103;
       (1)(b) a trust company as defined in Section 7-1-103;
       (1)(c) an insurance company authorized to do business in this state under this title;
       (1)(d) a third party administrator licensed under Section 31A-25-203; and
       (1)(e) an employer if the employer has a self-insured health plan under ERISA. See Utah Code 31A-32a-102
• Individual: means a natural person. See Utah Code 31A-1-301
• Rate: means :
            (163)(a)(i) the cost of a given unit of insurance; or
            (163)(a)(ii) for property or casualty insurance, that cost of insurance per exposure unit either expressed as:

                 (163)(a)(ii)(A) a single number; or

                 (163)(a)(ii)(B) a pure premium rate, adjusted before the application of individual risk variations based on loss or expense considerations to account for the treatment of:

                      (163)(a)(ii)(B)(I) expenses;

                      (163)(a)(ii)(B)(II) profit; and

                      (163)(a)(ii)(B)(III) individual insurer variation in loss experience. See Utah Code 31A-1-301