Definitions.
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Law
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Utah Code
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Insurance Code
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Administration of the Insurance Laws
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Title and Escrow Commission Act
- Definitions.
- (1) "Commission" means the Title and Escrow Commission created in Section 31A-2-403.
- (2) "Concurrence" means the entities given a concurring role must jointly agree for the action to be taken.
- (3) "Dual licensed title licensee" means a title licensee who holds:
- (a) an individual title insurance producer license as a title licensee; and
- (b) a license or certificate under:
- (i)Title 61, Chapter 2c, Utah Residential Mortgage Practices and Licensing Act;
- (ii)Title 61, Chapter 2f, Real Estate Licensing and Practices Act; or
- (iii)Title 61, Chapter 2g, Real Estate Appraiser Licensing and Certification Act.
- (4) "Real Estate Commission" means the Real Estate Commission created in Section 61-2f-103.
- (5) "Title insurance matter" means a matter related to:
- (b) an escrow conducted by an individual title insurance producer or agency title insurance producer;
- (c) licensing, examination, and continuing education of an applicant to be a title licensee; or
- (d) conduct of a title licensee.
- (6) "Title licensee" means a person licensed under this title as:
- (a) an agency title insurance producer with a title insurance line of authority;
- (b) an individual title insurance producer with:
- (i) a general title insurance line of authority; or
- (ii) a specific category of authority for title insurance; or
- (c) a title insurance adjuster.
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