Utah Code 73-18c-306. Certificate of self-funded coverage as proof of owner’s or operator’s security
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(1) The division may, upon the application of any person, issue a certificate of self-funded coverage when it is satisfied that the person has:
Terms Used In Utah Code 73-18c-306
- Division: means the Division of Outdoor Recreation. See Utah Code 73-18c-102
- Judgment: means any judgment that is final by:(4)(a) expiration without appeal of the time within which an appeal might have been perfected; or(4)(b) final affirmation on appeal, rendered by a court of competent jurisdiction of any state or of the United States, upon a cause of action for damages:(4)(b)(i) arising out of the ownership, maintenance, or use of any personal watercraft, including damages for care and loss of services because of bodily injury to or death of any person, or because of injury to or destruction of property including the loss of use of the property; or(4)(b)(ii) on a settlement agreement. See Utah Code 73-18c-102
- Motorboat: includes personal watercraft regardless of the manufacturer listed horsepower. See Utah Code 73-18c-102
- Person: means :
(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5(1)(a) more than 24 motorboats; and(1)(b) on deposit, in a form approved by the division, cash or securities in an amount of $200,000 plus $100 for each motorboat up to and including 1,000 motorboats and $50 for each motorboat over 1,000 motorboats.(2) Persons holding a certificate of self-funded coverage under this chapter shall pay benefits to persons injured from the self-funded person’s operation, maintenance, and use of motorboats as would an insurer issuing a policy to the self-funded person containing the coverages under Sections31A-22-1502 and31A-22-1503 .(3) In accordance withTitle 63G, Chapter 4, Administrative Procedures Act , the division may, upon reasonable grounds, cancel the certificate. Failure to pay any judgment up to the limit under Subsection31A-22-1503(2) within 30 days after the judgment is final is a reasonable ground to cancel the certificate.(4) Any government entity with self-funded coverage for government-owned motorboats underTitle 63G, Chapter 7, Governmental Immunity Act of Utah , meets the requirements of this section.