Utah § 31A-41-303 Determination and amount of fund liability.

Utah Statutes

§ 31A-41-303 — Determination and amount of fund liability.

Utah § 31A-41-303

Title 31AInsurance Code

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

Part 31A-41-3Claims on Fund

This text of Utah § 31A-41-303 (Determination and amount of fund liability.) 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-41-303 (2026).

Text

(1)Subject to the requirements of this part, if the department determines that a claim should be levied against the fund, the department shall enter an order that the fund pay that portion of the petitioner's judgment that is eligible for payment from the fund.

(2)A payment from the fund may not compensate for punitive damages, attorney fees, interest, or court costs.

(3)Regardless of the number of claimants or parcels of real estate involved in a single transaction, the liability of the fund may not exceed:

(3)(a) $15,000 for a single real estate transaction; or

(3)(b) $50,000 for all transactions of a title insurance licensee.

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(1) Subject to the requirements of this part, if the department determines that a claim should be levied against the fund, the department shall enter an order that the fund pay that portion of the petitioner's judgment that is eligible for payment from the fund.
(2) A payment from the fund may not compensate for punitive damages, attorney fees, interest, or court costs.
(3) Regardless of the number of claimants or parcels of real estate involved in a single transaction, the liability of the fund may not exceed:

(3)(a) $15,000 for a single real estate transaction; or
(3)(b) $50,000 for all transactions of a title insurance licensee.