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Code · Utah · Title 31A — Insurance Code · Chapter 35

Superseded 9/1/2026

479 words·~2 min read·/ut/title-31a/chapter-35/9

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/10/2016
Superseded 9/1/2026
31A-35-102. Definitions.
As used in this chapter:
(1)"Bail bond" means a bail bond insurance product for a specified monetary amount that is:
(a)executed by a bail bond producer licensed in accordance with Section 31A-35-401 ; and
(b)issued to a court, magistrate, or authorized officer to secure:
(i)the release of a person from incarceration; and
(ii)the appearance of the released person at court hearings the person is required to attend.
(2)"Bail bond agency" means any sole proprietor or entity that:
(a)is licensed under Subsection 31A-35-404(1) or
(2);
(i)is the agent of a surety insurer that sells a bail bond in connection with judicial proceedings;
(ii)pledges the assets of a letter of credit from a Utah depository institution for a bail bond in connection with judicial proceedings; or
(iii)pledges personal or real property, or both, as security for a bail bond in connection with judicial proceedings; and
(c)receives or is promised money or other things of value for a service described in Subsection (2)(b) .
(3)"Bail bond producer" means an individual who:
(a)is appointed by:
(i)a surety insurer that sells bail bonds; or
(ii)a bail bond agency licensed under this chapter;
(b)is appointed to execute or countersign undertakings of bail in connection with judicial proceedings; and
(c)receives or is promised money or other things of value for engaging in an act described in Subsection (3)(b) .
(4)"Bail enforcement agent" means the same as that term is defined in Section 53-11-102 .
(5)"Board" means the Bail Bond Oversight Board created in Section 31A-35-201 .
(6)"Certificate" means a certificate of authority issued under this chapter to allow an insurer to operate as a surety insurer.
(7)"Indemnitor" means an entity or natural person that enters into an agreement with a bail bond agency to hold the bail bond agency harmless from loss incurred as a result of executing a bail bond.
(8)"Liquid assets" means financial holdings that can be converted into cash in a timely manner without the loss of principal.
(9)"Premium" means the specified monetary amount used to purchase a bail bond.
(10)"Principal" means a person that:
(a)guarantees the performance of a bail bond; or
(b)owns not less than 10% of the bail bond agency.
(11)"Surety insurer" means an insurer that:
(a)is licensed under Chapter 4, Insurers in General , Chapter 5, Domestic Stock and Mutual Insurance Corporations , or Chapter 14, Foreign Insurers ;
(b)receives a certificate under this title; and
(c)sells bail bonds in connection with judicial proceedings.
(12)"Utah depository institution" means a depository institution, as defined in Section 7-1-103 , that:
(a)has Utah as its home state; or
(b)operates a branch in Utah.
Amended by Chapter 234 , 2016 General Session
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