Creation of Title Insurance Recovery, Education, and Research Fund.
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Law
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Utah Code
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Insurance Code
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Title Insurance Recovery, Education, and Research Fund Act
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Creation of Fund
- Creation of Title Insurance Recovery, Education, and Research Fund.
- (1) There is created an expendable special revenue fund to be known as the "Title Insurance Recovery, Education, and Research Fund."
- (2) The fund shall consist of:
- (a) assessments on individual title insurance producers and agency title insurance producers made under this chapter;
- (b) amounts collected under Section 31A-41-305; and
- (c) interest earned on the fund.
- (3) Interest on fund money shall be deposited into the fund.
- (4) The department shall administer the fund.
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