2012 Utah Code
Title 31A - Insurance Code
Article 5 - Domestic Stock and Mutual Insurance Corporations
Section 101 - Definitions.

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:

(a) "affiliate";

(b) "mail"; and

(c) "notice."

(2) The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals:

(a) "articles of incorporation";

(b) "bylaws"; and

(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.

Amended by Chapter 386, 2009 General Session