Utah Admin. Code 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.
Notes
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