Current through the 2024 Fourth Special Session
Section 31A-14-211 - Restrictions on foreign title insurers(1) An authorized foreign title insurer may only insure property in this state: (a) through an agency title insurance producer who is a resident in Utah; or(b) if the authorized foreign title insurer has a bona fide office in Utah: (i) that is under the direction and control of the authorized foreign title insurer;(ii) for which the authorized foreign title insurer pays the expenses, including compensation of the employees of the bona fide office;(iii) at which a person may request information about title services related to a real estate transaction for which the person is a party;(iv) at which a person may deliver written communications to the authorized foreign title insurer as required by the real estate transaction for which the person is a party; and(v) at which a person may deliver escrow money related to a real estate transaction for which the person is a party.(2) This section does not apply to reinsurance.Amended by Chapter 319, 2013 General Session ,§ 10, eff. 5/14/2013.Amended by Chapter 284, 2011 General Session