UTA LEG Title Insurance Producers

On Mar. 2, UTA LEG passed actions against title insurance producer bill

  • UTA LEG passed HB 399S01 titled insurance department complaint amendments.
  • Amends UTA INS 31A-23a-204 Special requirements for title insurance producers.
  • Bill Provisions
  • Authorizes the Insurance Department to take enforcement action against title producer if title insurance producer does not have an appointment from the title insurer.
  • Actions are suspend or revoke title insurance producer's license; freeze a bank account associated with the title insurance producer's business; subpoena producer's records.
  • Enjoin the title producer's business operations; post, at the title producer's business location, a notice of an action listed in Subsections (10)(a) through (10)(d).
  • Legislative History
  • On Jan. 26, 2024, bill was introduced in House; on Feb. 16, 2024, bill passed House.
  • On Feb. 16, 2024, bill was introduced in Senate; on Mar. 1, 2024, bill passed Senate.
  • On Mar. 2, 2024, bill was sent for enrolling; pending governor review and approval.
  • Effectiveness
  • Bill provisions take effect on May 1, 2024.
  • Mar. 2024 UTA LEG Bill Approval
  • On Mar. 14, 2024, UTA LEG reported governor approved bill, effective May 1, 2024.

Regulators UTA LEG
Entity Types Ins
Reference Bill, 3/14/2024; Bill, HB0399S01, 3/2/2024; Citation: UTA INS 31A-23a-204;
Functions Compliance; Legal; Operations; Registration/Licensing
Countries United States of America
Products Insurance; Insurance-Property
Regions Am
Rule Type Final
Rule Date 3/2/2024
Effective Date 5/1/2024
Rule Id 203281
Linked to N/A
Reg. Last Update 3/14/2024
Report Section US Insurance

Last substantive update on 03/18/2024