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Insurance Code | |
Foreign Insurers | |
Section 211 | Restrictions on foreign title insurers. |
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31A-14-211. Restrictions on foreign title insurers. (1) An authorized foreign title insurer may not insure property in this state except: (a) through a title insurance producer who is a resident in Utah; or (b) through 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 284, 2011 General Session |
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