Utah Code 31A-5-101. Definitions
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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:
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.