Utah Admin. Code R590-124-3 - Definitions
Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
(1)
"First named insured" means the first entity named as a named insured in the
declarations of the policy.
(2)
"Loss" means the dollar amount paid to an insured or claimant by an insurer on
a claim made against an insurance contract.
(3) "Named insured" means a person or
organization listed in the policy declarations as the policyholder, or the
policyholder's legal representative.
(4) "Notice of occurrence" means notice to an
insurer of an occurrence that might result in a claim against an insurance
contract.
Notes
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