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Insurance Code | |
Administration of the Insurance Laws | |
Section 402 | Definitions. |
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31A-2-402. Definitions. As used in this part: (1) "Commission" means the Title and Escrow Commission created in Section 31A-2-403. (2) "Concurrence" means the entities given a concurring role must jointly agree for the action to be taken. (3) "Dual licensed title licensee" means a title licensee who holds: (a) a producer license as a title licensee; and (b) a license or certificate under: (i) Title 61, Chapter 2c, Utah Residential Mortgage Practices and Licensing Act; (ii) Title 61, Chapter 2f, Real Estate Licensing and Practices Act; or (iii) Title 61, Chapter 2g, Real Estate Appraiser Licensing and Certification Act. (4) "Real Estate Commission" means the Real Estate Commission created in Section 61-2f-103. (5) "Title licensee" means a person licensed under this title as: (a) an agency with a title insurance line of authority; (b) a producer with: (i) a general title insurance line of authority; or (ii) a specific category of authority for title insurance; or (c) a title insurance adjuster.
Amended by Chapter 289, 2011 General Session |
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