Utah Statutes
§ 31A-41-304 — Insufficient funds to satisfy judgment.
Utah·Title 31A Insurance Code·Ch. 31A-41 Title Insurance Recovery, Education, and Research Fund Act·Part 31A-41-3 Claims on Fund
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:
(2)(a) the unpaid claim; and
(2)(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.
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Legislative History
Amended by Chapter 342, 2011 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.