R592. Insurance, Title and Escrow Commission.R592-11. Title Insurance Producer Annual Reports.
R592-11-1. Authority.
This rule is promulgated by the Title and Escrow Commission pursuant to Sections 31A-2-404, 31A-23a-406, and 31A-23a-413.
R592-11-2. Purpose and Scope.
(1) The purpose of this rule is to establish the requirements of and a filing deadline for the Title Insurance Producer Annual Report required by Section 31A-23a-413.
(2) This rule applies to an agency title insurance producer.
R592-11-3. Title Insurance Producer Annual Report.
(1) An agency title insurance producer shall file a Title Insurance Producer Annual Report not later than May 1 of each year.
(2) A Title Insurance Producer Annual Report shall include:
(a) the number and location of each title or escrow trust account;
(b) proof of financial protection under Subsection 31A-23a-204(2)(a);
(c) the name of the individual title insurance producer designated as the "qualifying licensee" under Subsection 31A-23a-204(1);
(d) the physical address in Utah maintained by an agency title insurance producer;
(e) the physical address of each Utah branch office maintained by an agency title insurance producer;
(f) a verified statement of the agency title insurance producer's financial condition, transactions, and affairs of the preceding two calendar years, including:
(i) a balance sheet;
(ii) a cash flow statement; and
(iii) an income statement; and
(g) a list of all currently contracted underwriters.
R592-11-4. Electronic Filing of Title Insurance Producer Annual Report.
The Title Insurance Producer Annual Report shall be submitted electronically using the department's secure file upload site located at https://portal.uid.utah.gov/sife.
R592-11-5. Severability.
If any provision of this rule, Rule R592-11, or its application to any person or situation is held invalid, such invalidity does not affect any other provision or application of this rule that can be given effect without the invalid provision or application. The remainder of this rule shall be given effect without the invalid provision or application.
KEY: title insurance
Date of Last Change: January 22, 2025
Notice of Continuation: June 8, 2026
Authorizing, and Implemented or Interpreted Law: 31A-2-404(2)(a); 31A-23a-406(1)(g); 31A-23a-413; 31A-23a-503(8)
