Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-190 - Unfair Property, Liability and Title Claims Settlement Practices Rule
Section R590-190-3 - Definitions
Current through Bulletin 2024-06, March 15, 2024
Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
(1) "Authorized agent" means an individual, corporation, association, organization, partnership, or other legal entity authorized to represent an insurer with respect to a claim.
(2) "Claim file" means a record either in its original form or as recorded by a process that can accurately and reliably reproducer the original material regarding a claim, its investigation, adjustment, and settlement.
(3)
(4) "Day" means calendar day.
(5) "Documentation" means a physical or an electronic record related to a claim.
(6)
(7) "General business practice" means a pattern of conduct in a business.
(8) "Investigation" means an activity by or on behalf of an insurer related to determining a claim under a policy.
(9) "Notice of loss" means a claimant's notice that reasonably informs an insurer of facts related to a claim.
(10) "Proof of loss" means an insured's reasonable documentation in support of a claim.
(11) "Third party claimant" means a person asserting a claim against an insured.