Utah Admin. Code 592-6-3

Current through Bulletin No. 2024-21, November 1, 2024

Section R592-6-3 - Definitions

Terms used in this rule are defined in Sections 31A-1-301 and 31A-2-402. Additional terms are defined as follows:

(1)

(a) "Business activities" include sporting events, sporting activities, musical events, art events, and similar activities.

(b) "Business activities" do not include:

(i) awards banquets, recognition events, or similar activities that are sponsored or hosted by or for clients; or

(ii) commercial travel.

(2)

(a) "Business meals" include breakfast, brunch, lunch, dinner, cocktails, and tips.

(b) "Business meals" do not include awards banquets, recognition events, or similar activities sponsored by or for clients.

(3)

(a) "Client" means any person who influences, or who may influence, the placement of title insurance business or who is engaged in a business, profession, or occupation of:

(i) buying or selling interests in real property; or

(ii) making loans secured by interests in real property.

(b) "Client" may include real estate agents, real estate brokers, mortgage brokers, lending or financial institutions, builders, developers, subdividers, attorneys, consumers, escrow companies, and their employees, agents, representatives, and solicitors.

(c) "Client" does not include a trade association, for the purposes of this rule.

(4) "Official trade association publication" means:

(a) a membership directory, provided its exclusive purpose is that of providing the distribution of an annual roster of the association's members to the membership and other interested parties; or

(b) an annual, semiannual, quarterly, or monthly publication containing information and topical material for the benefit of the members of the association.

(5) "Title insurance business" means the business of title insurance and the conducting of escrow.

(6) "Title producer" means a title insurer, agency title insurance producer, or individual title insurance producer.

(7) "Trade association" means a recognized association of persons, a majority of whom are clients or persons whose primary activity involves real property.

Utah Admin. Code R592-6-3

Amended by Utah State Bulletin Number 2015-17, effective 8/11/2015

Amended by Utah State Bulletin Number 2021-11, effective 5/24/2021

Amended by Utah State Bulletin Number 2021-17, effective 8/23/2021

Amended by Utah State Bulletin Number 2024-12, effective 6/7/2024