No. 42099 (5-year Review): Rule R592-5. Title Insurance Product or Service Approval for a Dual Licensed Title Licensee
DAR File No.: 42099
Filed: 09/13/2017 06:09:25 PMNOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Section 31A-2-404 authorizes the Title and Escrow Commission to make rules regarding title insurance matters in accordance with the Utah Administrative Rulemaking Act, with the concurrence of the Insurance Commissioner, and with proper notice being given to the Office of Administrative Rules and the Real Estate Commission. Subsection 31A-2-405(5) authorizes the Title and Escrow Commission to make rules subject to Section 31A-2-404 to implement the filing requirements under Subsection 31A-2-405(2).
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
The Department has received no written comments regarding this rule during the past five years.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
On 09/11/2017, the Title and Escrow Commission directed the Utah Insurance Department to continue Rule R592-5. The rule sets requirements for a dual licensed title licensee to obtain approval from the Insurance Commissioner or expedited approval from the Title and Escrow Commission to sell a title insurance product.
The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:
Insurance
Title and Escrow Commission
Room 3110 STATE OFFICE BLDG
450 N MAIN ST
SALT LAKE CITY, UT 84114-1201Direct questions regarding this rule to:
- Steve Gooch at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at sgooch@utah.gov
Effective:
09/13/2017
Authorized by:
Steve Gooch, Information Specialist
Document Information
- Effective Date:
- 9/13/2017
- Publication Date:
- 10/01/2017
- Type:
- Five-Year Notices of Review and Statements of Continuation
- Filed Date:
- 09/13/2017
- Agencies:
- Insurance, Title and Escrow Commission
- Authorized By:
- Steve Gooch, Information Specialist
- DAR File No.:
- 42099
- Summary:
The Department has received no written comments regarding this rule during the past five years.
- CodeNo:
- R592-5
- CodeName:
- {30647|R592-5|R592-5. Title Insurance Product or Service Approval for a Dual Licensed Title Licensee}
- Link Address:
- InsuranceTitle and Escrow CommissionRoom 3110 STATE OFFICE BLDG450 N MAIN STSALT LAKE CITY, UT 84114-1201
- Link Way:
Steve Gooch, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at sgooch@utah.gov
- AdditionalInfo:
- More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2017/b20171001.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
- Related Chapter/Rule NO.: (1)
- R592-5. Title Insurance Product or Service Approval for a Dual Licensed Title Licensee.