House of Representatives
State of Utah
Mr. Speaker:
The Business and Labor Committee reports a favorable recommendation on H.B. 342,
INSURANCE CODE AMENDMENTS, by Representative J. Dunnigan, with the following amendments:
1582
(4)
2224
(3) (a) The department may [
2486
(4) (a) The department may require a person applying for a license
2557
(3) (a) The department may require a person applying for a license
Respectfully,
Stephen D. Clark
Voting: 12-0-1
1. Page
43, Line 1326 through Page 44, Line 1339
:
1326
(1)
[
}
(a)
{
]
}
{
There
}
Subject to Subsection (1)(b), there
is
created within the department the Title and Escrow Commission that
1327
is comprised of five members appointed by the governor with the consent of the Senate as
1328
follows:
1329
[
}
(i)
{
]
}
{
(a)
}
four members shall each:
1330
[
}
(A)
{
]
}
{
(i)
}
be or have been licensed under the title insurance
line of authority; [and]
1331
[
}
(B)
{
]
}
{
(ii)
}
as of the day on which the member is appointed, be
or have been licensed
1332
with the search or escrow subline of authority for at least five years; and
1333
(iii)
}
(C)
as of the day on which the member is appointed, not be from the
same county as
1334
another member appointed under this Subsection (1)(a)
1335
[
}
(ii)
{
]
}
{
(b)
}
one member shall be a member of the general public
from any county in the
1336
state.
1337
[
}
(b) No more than one commission member may be appointed
from
{
:
}
{
]
}
1338
[(i) any county in the state; or]
1339
[
}
{
(ii) any
}
a
single company.
{
]
}
2. Page 52, Lines 1582 through 1584:
A
}
Except for a bank, savings and loan association, industrial bank,
or credit union, a
service contract provider may not sell, or be the obligated party for:
1583
(a) a guaranteed asset protection waiver;
or
}
1584
.
}
; or
(c) a debt suspension agreement
3. Page 72, Lines 2224 through 2226:
request:] require a person applying for a license
,
for
2225
renewal of a license,
}
or for consent to engage in the business of insurance to submit
to a
2226
criminal background check as a condition of receiving a license
, renewal,
}
or
consent.
4. Page 81, Lines 2486 through 2488:
, for renewal
of a
2487
license,
}
or for consent to engage in the business of insurance to submit to a criminal
2488
background check as a condition of receiving a license
, renewal,
}
or consent.
5. Page 83, Lines 2557 through 2559:
, for renewal
of a
2558
license,
}
or for consent to engage in the business of insurance to submit to a criminal
2559
background check as a condition of receiving a license
, renewal,
}
or consent.
Committee Chair
3 HB0342.HC1.wpd 2/1/08 3:47 pm anicholson/AMN PO/AMN
Bill Number
*HB0342*
HB0342