Title 31A Chapter 14 Section 211

Insurance Code
Foreign Insurers
Section 211
Restrictions on foreign title insurers.

            

31A-14-211.   Restrictions on foreign title insurers.

            (1) An authorized foreign title insurer may only insure property in this state:

            (a) through an agency title insurance producer who is a resident in Utah; or

            (b) if the authorized foreign title insurer has 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 319, 2013 General Session