31A-14-211 - Restrictions on foreign title insurers.
31A-14-211. Restrictions on foreign title insurers.
(1) An authorized foreign title insurer may not insure property in this state except:
(a) through a title insurance producer who is a resident in Utah;
(b) through a bona fide branch office in Utah under the direction and control of the titleinsurer that pays all the expenses of the branch office including compensation of all employees;or
(c) through a subsidiary title insurer authorized to do business in Utah.
(2) This section does not apply to reinsurance.
(1) An authorized foreign title insurer may not insure property in this state except:
(a) through a title insurance producer who is a resident in Utah;
(b) through a bona fide branch office in Utah under the direction and control of the titleinsurer that pays all the expenses of the branch office including compensation of all employees;or
(c) through a subsidiary title insurer authorized to do business in Utah.
(2) This section does not apply to reinsurance.
Amended by Chapter 298, 2003 General Session