Utah Code Title 31A. Insurance Code § 31A-5-101. Definitions

(1) The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations:

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

(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.