31A-18-101 - Scope -- Definitions.
31A-18-101. Scope -- Definitions.
(1) Except as otherwise provided in this title, this chapter and the rules adopted toimplement it apply to all insurers authorized to do business in this state, including a reinsurer.
(2) As used in this chapter, "cash" means a medium of exchange that a depositoryinstitution, as defined in Section 7-1-103, accepts for deposit and allows an immediate credit toan account in the depository institution, including the following in a depository institution:
(a) a savings account; or
(b) a certificate of deposit with a maturity date within one year or less from the day onwhich the certificate of deposit is acquired.
(1) Except as otherwise provided in this title, this chapter and the rules adopted toimplement it apply to all insurers authorized to do business in this state, including a reinsurer.
(2) As used in this chapter, "cash" means a medium of exchange that a depositoryinstitution, as defined in Section 7-1-103, accepts for deposit and allows an immediate credit toan account in the depository institution, including the following in a depository institution:
(a) a savings account; or
(b) a certificate of deposit with a maturity date within one year or less from the day onwhich the certificate of deposit is acquired.
Amended by Chapter 257, 2008 General Session