Utah § 31A-20-109 Single risk limitation for title insurance.

Utah Statutes

§ 31A-20-109 — Single risk limitation for title insurance.

Utah § 31A-20-109

Title 31AInsurance Code

Ch. 31A-20Underwriting Restrictions

This text of Utah § 31A-20-109 (Single risk limitation for title insurance.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-20-109 (2026).

Text

(1)As used in this section:

(1)(a) "Net retained liability" means the total potential liability retained by a title insurer for a single risk, after deducting liability reinsured for which credit may be taken under Section 31A-17-404.

(1)(b) "Single risk" means the sum of the potential liabilities under all title insurance policies issued on any estates in the same real property.

(2)The net retained liability of a title insurer for a single risk, whether assumed directly or as reinsurance, may not exceed 50% of the capital and surplus of the insurer.

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(1) As used in this section:

(1)(a) "Net retained liability" means the total potential liability retained by a title insurer for a single risk, after deducting liability reinsured for which credit may be taken under Section 31A-17-404.
(1)(b) "Single risk" means the sum of the potential liabilities under all title insurance policies issued on any estates in the same real property.
(2) The net retained liability of a title insurer for a single risk, whether assumed directly or as reinsurance, may not exceed 50% of the capital and surplus of the insurer.