Section R590-116-3 - Definitions Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
(1) "Amortizable" means accorded that rating in Valuation of Securities.(2) "In good standing" means accorded that rating in Valuation of Securities.(3) "NAIC" means the National Association of Insurance Commissioners.(4) "Purchase money mortgage" means a mortgage or lien received as consideration, either in whole or in part, on the disposal of real estate that secures the mortgage or lien.(5) "Valuation of Securities" means the publication of the Securities Valuation Office of the NAIC.Utah Admin. Code R590-116-3
Amended by Utah State Bulletin Number 2022-02, effective 1/10/2022