(1) This part applies to an insurance policy or combination of insurance policies:

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Terms Used In Utah Code 57-8a-402

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • association: means a corporation or other legal entity, any member of which:
              (2)(a)(i) is an owner of a residential lot located within the jurisdiction of the association, as described in the governing documents; and
              (2)(a)(ii) by virtue of membership or ownership of a residential lot is obligated to pay:
                   (2)(a)(ii)(A) real property taxes;
                   (2)(a)(ii)(B) insurance premiums;
                   (2)(a)(ii)(C) maintenance costs; or
                   (2)(a)(ii)(D) for improvement of real property not owned by the member. See Utah Code 57-8a-102
  • Lot: means :
         (16)(a) a lot, parcel, plot, or other division of land:
              (16)(a)(i) designated for separate ownership or occupancy; and
              (16)(a)(ii)
                   (16)(a)(ii)(A) shown on a recorded subdivision plat; or
                   (16)(a)(ii)(B) the boundaries of which are described in a recorded governing document; or
         (16)(b)
              (16)(b)(i) a unit in a condominium association if the condominium association is a part of a development; or
              (16)(b)(ii) a unit in a real estate cooperative if the real estate cooperative is part of a development. See Utah Code 57-8a-102
  • Period of administrative control: means the period during which the person who filed the association's governing documents or the person's successor in interest retains authority to:
         (20)(a) appoint or remove members of the association's board of directors; or
         (20)(b) exercise power or authority assigned to the association under the association's governing documents. See Utah Code 57-8a-102
     (1)(a) issued or renewed on or after July 1, 2011; and
     (1)(b) issued to or renewed by:

          (1)(b)(i) a lot owner; or
          (1)(b)(ii) an association, regardless of when the association is formed.
(2) Unless otherwise provided in the declaration, this part does not apply to a project if all of the project’s lots are restricted to entirely nonresidential use.
(3) Subject to Subsection (4), this part does not apply to a project if:

     (3)(a) the initial declaration for the project is recorded before January 1, 2012;
     (3)(b) the project includes attached dwellings; and
     (3)(c) the declaration requires each lot owner to insure the lot owner’s dwelling.
(4)

     (4)(a) An association to which this part does not apply under Subsection (3) may amend the declaration, as provided in the declaration and applicable law, to subject the association to this part.
     (4)(b) During the period of administrative control, an amendment under Subsection (4)(a) requires the consent of the declarant.