Utah § 31A-41-203 Use of money.

Utah Statutes

§ 31A-41-203 — Use of money.

Utah § 31A-41-203

Title 31AInsurance Code

Ch. 31A-41Title Insurance Recovery, Education, and Research Fund Act

Part 31A-41-2Creation of Fund

This text of Utah § 31A-41-203 (Use of money.) 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-41-203 (2026).

Text

(1)Money in the fund may be used to pay claims made under Part 3, Claims on Fund.

(2)(2)(a) Except as limited by Subsection (2)(b), money in the fund in excess of $250,000 may be used by the commissioner, with the consent of the commission, to:

(2)(a)(i) investigate violations of this chapter related to fraud by a title insurance licensee;

(2)(a)(ii) conduct education and research in the field of title insurance; or

(2)(a)(iii) examine a title insurance licensee's:

(2)(a)(iii)(A) escrow and trust account;

(2)(a)(iii)(B) examination procedures; or

(2)(a)(iii)(C) compliance with applicable statutes and rules.

(2)(b) The commissioner may not use more than 75% of money collected under this chapter in a fiscal year from assessments and interest for the purposes outlined in this Subsection (2

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Money in the fund may be used to pay claims made under Part 3, Claims on Fund.
(2) (2)(a) Except as limited by Subsection (2)(b), money in the fund in excess of $250,000 may be used by the commissioner, with the consent of the commission, to:
(2)(a)(i) investigate violations of this chapter related to fraud by a title insurance licensee;
(2)(a)(ii) conduct education and research in the field of title insurance; or
(2)(a)(iii) examine a title insurance licensee's:

(2)(a)(iii)(A) escrow and trust account;
(2)(a)(iii)(B) examination procedures; or
(2)(a)(iii)(C) compliance with applicable statutes and rules.
(2)(b) The commissioner may not use more than 75% of money collected under this chapter in a fiscal year from assessments and interest for the purposes outlined in this Subsection (2).
(3) The disclosure of an examination conducted under this section is governed by Section 31A-2-204.