Utah Code 31A-36-115. Confidentiality
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(1) The following shall be classified as protected records under Title 63G, Chapter 2, Government Records Access and Management Act:
Terms Used In Utah Code 31A-36-115
- Business of life settlements: includes the following:(2)(a) offering a life settlement;(2)(b) soliciting a life settlement;(2)(c) negotiating a life settlement;(2)(d) procuring a life settlement;(2)(e) effectuating a life settlement;(2)(f) purchasing a life settlement;(2)(g) investing in a life settlement;(2)(h) financing a life settlement;(2)(i) monitoring a life settlement;(2)(j) tracking a life settlement;(2)(k) underwriting a life settlement;(2)(l) selling a life settlement;(2)(m) transferring a life settlement;(2)(n) assigning a life settlement;(2)(o) pledging a life settlement;(2)(p) hypothecating a life settlement; or(2)(q) in any other manner acquiring an interest in an insurance policy by means of a life settlement. See Utah Code 31A-36-102
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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- Person: includes :
(146)(a) an individual;(146)(b) a partnership;(146)(c) a corporation;(146)(d) an incorporated or unincorporated association;(146)(e) a joint stock company;(146)(f) a trust;(146)(g) a limited liability company;(146)(h) a reciprocal;(146)(i) a syndicate; or(146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301- Proceeding: includes an action or special statutory proceeding. See Utah Code 31A-1-301
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(1)(a) a document or information furnished pursuant to Section 31A-36-114; and(1)(b) a document or information obtained by the commissioner in an investigation of a violation of Section 31A-36-113.(2) Subsection (1) does not prohibit the commissioner from disclosing documents or evidence so furnished or obtained:(2)(a) in an administrative or judicial proceeding to enforce laws administered by the commissioner;(2)(b) to federal, state, or local law enforcement or regulatory agencies;(2)(c) to an organization established to detect and prevent fraudulent life settlement acts;(2)(d) to the National Association of Insurance Commissioners; or(2)(e) to a person engaged in the business of life settlements that is aggrieved by the violation.(3) Disclosure of a document or evidence under Subsection (2) does not abrogate or modify the privilege granted in Subsection (1).