Utah § 31A-22-801 Scope of part.

Utah Statutes

§ 31A-22-801 — Scope of part.

Utah·Title 31A Insurance Code·Ch. 31A-22 Contracts in Specific Lines·Part 31A-22-8 Credit Life and Accident and Health Insurance

(1)Except as provided under Subsection (2), all life insurance and accident and health insurance in connection with loans or other credit transactions are subject to this part.

(2)(2)(a) Insurance written in connection with a credit transaction is not subject to this part, but is subject to other provisions of this title, if the credit transaction is:

(2)(a)(i) secured by a first mortgage or deed of trust; and

(2)(a)(ii) made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction made for such a purpose.

(2)(b) Isolated transactions on the part of an insurer that are not related to an agreement or plan for insuring debtors of the creditor are not subject to this part.

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(1) Except as provided under Subsection (2), all life insurance and accident and health insurance in connection with loans or other credit transactions are subject to this part.
(2) (2)(a) Insurance written in connection with a credit transaction is not subject to this part, but is subject to other provisions of this title, if the credit transaction is:
(2)(a)(i) secured by a first mortgage or deed of trust; and
(2)(a)(ii) made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction made for such a purpose.
(2)(b) Isolated transactions on the part of an insurer that are not related to an agreement or plan for insuring debtors of the creditor are not subject to this part.

Utah § 31A-22-801 (Scope of part.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.