In this chapter, unless the context requires otherwise:

(1) The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations:

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code 31A-5-101

  • Certificate: means evidence of insurance given to:
         (23)(a) an insured under a group insurance policy; or
         (23)(b) a third party. See Utah Code 31A-1-301
     (1)(a) “affiliate”;
     (1)(b) “mail”; and
     (1)(c) “notice.”
(2) The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals:

     (2)(a) “articles of incorporation”;
     (2)(b) “bylaws”; and
     (2)(c) “member.”
(3) “Promoter securities” are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.