R592. Insurance, Title and Escrow Commission.R592-9. Assessment for Title Insurance Recovery, Education, and Research Fund.
R592-9-1. Authority.
This rule is promulgated by the Title and Escrow Commission pursuant to Sections 31A-2-404 and 31A-41-202.
R592-9-2. Purpose and Scope.
(1) The purpose of this rule is to:
(a) establish the amount for an individual title insurance producer assessment; and
(b) establish the amount for an agency title insurance producer assessment.
(2) This rule applies to:
(a) an agency title insurance producer; and
(b) an individual title insurance producer.
R592-9-3. Definitions.
Terms used in this rule are defined in Sections 31A-1-301 and 31A-41-102.
R592-9-4. Establishing Assessment Amounts.
The Commission adopts the Annual Title Recovery, Education, and Research Fund assessment in the amount annually established by the Utah Legislature under Section 63J-1-504.
R592-9-5. Individual Title Insurance Producer Assessment.
An individual title insurance producer assessment shall be paid in an amount annually established by the Utah Legislature under Section 63J-1-504.
R592-9-6. Agency Title Insurance Producer Assessment.
An agency title insurance producer assessment shall be paid in an amount annually established by the Utah Legislature under Section 63J-1-504.
R592-9-7. Severability.
If any provision of this rule, Rule R592-9, 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 recovery assessment
Date of Last Change: September 10, 2024
Notice of Continuation: June 10, 2024
Authorizing, and Implemented or Interpreted Law: 31A-2-308; 31A-41-202
