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Utah Code Title 31A. Insurance Code § 31A-2-402. Definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

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) an individual title insurance 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 insurance matter” means a matter related to:

(a) title insurance;

(b) an escrow conducted by an individual title insurance producer or agency title insurance producer;

(c) licensing, examination, and continuing education of an applicant to be a title licensee; or

(d) conduct of a title licensee.

(6) “Title licensee” means a person licensed under this title as:

(a) an agency title insurance producer with a title insurance line of authority;

(b) an individual title insurance 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.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-2-402. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-2-402/

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