Utah Admin. Code 590-133-3

Current through Bulletin 2024-24, December 15, 2024

Section R590-133-3 - Definitions

Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:

(1) "Variable contract" means a life insurance policy or an annuity contract that provides a benefit that may vary according to the investment experience of any separate account the insurer establishes and maintains under Sections 31A-5-217 and 31A-18-102.

(2) "Variable contract producer" means a licensed producer with a variable contracts line of authority.

Utah Admin. Code R590-133-3

Adopted by Utah State Bulletin Number 2022-11, effective 5/11/2022