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Insurance Code | |
Title Insurance Recovery, Education, and Research Fund Act | |
Section 304 | Insufficient funds to satisfy judgment. |
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31A-41-304. Insufficient funds to satisfy judgment. If the money in the fund is insufficient to satisfy a claim ordered to be paid under Section 31A-41-303, when sufficient money is in the fund, the department shall pay a person with an unpaid claim: (1) in the order that petitions related to unpaid claims are originally served on the department; and (2) an amount equal to the sum of: (a) the unpaid claim; and (b) interest on the unpaid claim at a rate of 5% per annum from the date the court orders payment from the fund until the day on which the claim is paid.
Amended by Chapter 342, 2011 General Session |
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