In this chapter, unless the context requires otherwise:

1. (1) The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations:

   1. (a) "affiliate";
   2. (b) "mail"; and
   3. (c) "notice."

2. (2) The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals:

   1. (a) "articles of incorporation";
   2. (b) "bylaws"; and
   3. (c) "member."
3. (3) "Promoter securities" are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.

Amended by Chapter 386, 2009 General Session