31A-18-101 - Scope -- Definitions. - Utah Statutes

31A-18-101. Scope -- Definitions.
(1) Except as otherwise provided in this title, this chapter and the rules adopted toimplement 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 depositoryinstitution, as defined in Section 7-1-103, accepts for deposit and allows an immediate credit toan 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 onwhich the certificate of deposit is acquired.

Amended by Chapter 257, 2008 General Session