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(1) "Advisory committee" means the General Regulatory Sandbox Program Advisory Committee created in Section 63N-16-104.
(2) "Applicable agency" means a department or agency of the state that by law regulates a business activity and persons engaged in such business activity, including the issuance of licenses or other types of authorization, which the office determines would otherwise regulate a sandbox participant.
(3) "Applicant" means a person that applies to participate in the regulatory sandbox.
(4) "Consumer" means a person that purchases or otherwise enters into a transaction or agreement to receive an offering pursuant to a demonstration by a sandbox participant.
(5) "Demonstrate" or "demonstration" means to temporarily provide an offering in accordance with the provisions of the regulatory sandbox program described in this chapter.
(6) "Director" means the director of the Utah Office of Regulatory Relief created in Section 63N-16-103.
(7) "Executive director" means the executive director of the Governor's Office of Economic Opportunity.
(8) "Innovation" means the use or incorporation of a new idea, a new or emerging technology, or a new use of existing technology to address a problem, provide a benefit, or otherwise offer a product, production method, or service.
(9) "Innovative offering" means an offering that includes an innovation.
(10)
(a) "Offering" means a product, production method, or service.
(b) "Offering" does not include a product, production method, or service that is governed by:
(i)Title 31A, Insurance Code, as determined by the insurance commissioner; or
(11) "Product" means a commercially distributed good that is:
(a) tangible personal property;
(b) the result of a production process; and
(c) passed through the distribution channel before consumption.
(12) "Production" means the method or process of creating or obtaining a good, which may include assembling, breeding, capturing, collecting, extracting, fabricating, farming, fishing, gathering, growing, harvesting, hunting, manufacturing, mining, processing, raising, or trapping a good.
(13) "Regulatory relief office" means the Utah Office of Regulatory Relief created in Section 63N-16-103.
(14) "Regulatory sandbox" means the General Regulatory Sandbox Program created in Section 63N-16-201, which allows a person to temporarily demonstrate an offering under a waiver or suspension of one or more state laws or regulations.
(15) "Sandbox participant" means a person whose application to participate in the regulatory sandbox is approved in accordance with the provisions of this chapter.
(16) "Service" means any commercial activity, duty, or labor performed for another person.