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Utah Code Title 31A. Insurance Code § 31A-18-101. Scope--Definitions

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) Except as otherwise provided in this title, this chapter and the rules adopted to implement it apply to all insurers authorized to do business in this state, including a reinsurer.

(2) As used in this chapter, “cash” means a medium of exchange that a depository institution, as defined in Section 7-1-103, accepts for deposit and allows an immediate credit to an account in the depository institution, including the following in a depository institution:

(a) a savings account; or

(b) a certificate of deposit with a maturity date within one year or less from the day on which the certificate of deposit is acquired.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-18-101. Scope--Definitions - last updated January 01, 2024 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-18-101.html

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