Utah § 31A-10-201 Definition.

Utah Statutes

§ 31A-10-201 — Definition.

Utah § 31A-10-201

Title 31AInsurance Code

Ch. 31A-10Annuities

Part 31A-10-2Nontraditional Insurers

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Bluebook

Utah Code Ann. § 31A-10-201 (2026).

Text

As used in this part:

(1)"Nontraditional insurer" means an insurer incorporated under Chapter 5, Domestic Stock and Mutual Insurance Corporations, or admitted under Chapter 14, Foreign Insurers, that:

(1)(a) exists for the purpose of aiding and strengthening the following by providing them with annuities:

(1)(a)(i) nonprofit entities;

(1)(a)(ii) employees of nonprofit entities;

(1)(a)(iii) governmental entities; and

(1)(a)(iv) employees of governmental entities;

(1)(b) issues only annuities and no other insurance product; and

(1)(c) does not pay any benefit based on a guarantee as to principal, interest rate, return on investment, mortality, and morbidity.

(2)"Nontraditional insurer" does not include an insurer that provides annuities to persons other than:

(2)(a) nonprofit entities;

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As used in this part:
(1) "Nontraditional insurer" means an insurer incorporated under Chapter 5, Domestic Stock and Mutual Insurance Corporations, or admitted under Chapter 14, Foreign Insurers, that:

(1)(a) exists for the purpose of aiding and strengthening the following by providing them with annuities:
(1)(a)(i) nonprofit entities;
(1)(a)(ii) employees of nonprofit entities;
(1)(a)(iii) governmental entities; and
(1)(a)(iv) employees of governmental entities;
(1)(b) issues only annuities and no other insurance product; and
(1)(c) does not pay any benefit based on a guarantee as to principal, interest rate, return on investment, mortality, and morbidity.
(2) "Nontraditional insurer" does not include an insurer that provides annuities to persons other than:

(2)(a) nonprofit entities;
(2)(b) employees of nonprofit entities;
(2)(c) governmental entities; and
(2)(d) employees of governmental entities.