Section 203 – Use of money.
Effective 5/12/2015 31A-41-203. Use of money. (1) Money in the fund may be used to pay claims made under Part 3, Claims on Fund. (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: (i) investigate […]
Section 201 – Creation of Title Insurance Recovery, Education, and Research Fund.
31A-41-201. 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 […]
Section 202 – Assessments.
Effective 5/10/2016 31A-41-202. Assessments. (1) An agency title insurance producer licensed under this title shall pay an annual assessment determined by the commission by rule made in accordance with Section 31A-2-404, except that the annual assessment: (a) may not exceed $1,000; and (b) shall be determined on the basis of title insurance premium volume. (2) […]