Terms Used In Utah Code > Title 63L > Chapter 13 - Restrictions on Foreign Acquisitions of Land Act

• Conservation lease: includes a lease that is wholly or partially similar to a lease described in Subsection (1)(a). See Utah Code 63L-13-101
• consultant: means a person who:
       (99)(a) advises another person about insurance needs and coverages;
       (99)(b) is compensated by the person advised on a basis not directly related to the insurance placed; and
       (99)(c) except as provided in Section 31A-23a-501, is not compensated directly or indirectly by an insurer or producer for advice given. See Utah Code 31A-1-301
• Ecosystem services: include the:
            (2)(b)(i) conversion of carbon dioxide to oxygen in plants through photosynthesis;
            (2)(b)(ii) purification of in-stream surface water or groundwater by naturally-occurring microorganisms, soil or bedrock percolation, or chemical detoxification; and
            (2)(b)(iii) noncommercial recreational benefit of natural lands. See Utah Code 63L-13-101
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• 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
• Interest in land: means any right, title, lien, claim, interest, or estate with respect to land. See Utah Code 63L-13-101
• Land: includes :
            (4)(b)(i) agricultural land, as defined in Section 4-46-102;
            (4)(b)(ii) land owned or controlled by a political subdivision;
            (4)(b)(iii) land owned or controlled by a school district;
            (4)(b)(iv) non-federal land, as defined in Section 9-9-402;
            (4)(b)(v) private land;
            (4)(b)(vi) public land;
            (4)(b)(vii) state land, as defined in Subsection 9-9-402(14)(a);
            (4)(b)(viii) waters of the state, as defined in Subsection 19-5-102(23)(a); and
            (4)(b)(ix) subsurface land. See Utah Code 63L-13-101
• Land conveyance: means the transfer of any interest in land from one party to another. See Utah Code 63L-13-101
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
• Motor club: means a person:
       (131)(a) licensed under:

            (131)(a)(i) Chapter 5, Domestic Stock and Mutual Insurance Corporations;

            (131)(a)(ii) Chapter 11, Motor Clubs; or

            (131)(a)(iii) Chapter 14, Foreign Insurers; and
       (131)(b) that promises for an advance consideration to provide for a stated period of time one or more:

            (131)(b)(i) legal services under Subsection 31A-11-102(1)(b);

            (131)(b)(ii) bail services under Subsection 31A-11-102(1)(c); or

            (131)(b)(iii)

                 (131)(b)(iii)(A) trip reimbursement;

                 (131)(b)(iii)(B) towing services;

                 (131)(b)(iii)(C) emergency road services;

                 (131)(b)(iii)(D) stolen automobile services;

                 (131)(b)(iii)(E) a combination of the services listed in Subsections (131)(b)(iii)(A) through (D); or

                 (131)(b)(iii)(F) other services given in Subsections 31A-11-102(1)(b) through (f). See Utah Code 31A-1-301
• Natural asset company: includes a company that is substantially similar to a company described in Subsection (6)(a). See Utah Code 63L-13-101
• Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
• producer: means a person licensed or required to be licensed under the laws of this state to sell, solicit, or negotiate insurance. See Utah Code 31A-1-301
• Restricted foreign entity: means :
       (7)(a) a company that the United States Secretary of Defense is required to identify and report as a military company under Section 1260H of the William M. See Utah Code 63L-13-101
• Sell: means to exchange a contract of insurance:
       (12)(a) by any means;
       (12)(b) for money or its equivalent; and
       (12)(c) on behalf of an insurance company. See Utah Code 31A-23a-102
• United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5