- (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.
Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
KEY: insurance companies
Date of Last Change: October 25, 2021
Notice of Continuation: December 1, 2022
Authorizing, and Implemented or Interpreted Law: 31A-23a-402