DAR File No. 40300
This notice was published in the May 1, 2016, issue (Vol. 2016, No. 9) of the Utah State Bulletin.
Insurance, Title and Escrow Commission
Rule R592-15
Submission of a Schedule of Minimum Charges for Escrow Services
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 40300
Filed: 04/06/2016 03:31:42 PM
NOTICE 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 requires the Title and Escrow Commission to make rules related to title insurance. Subsection 31A-19a-209(2)(a)(i) requires that title insurers, title agencies, and title producers file a schedule of escrow charges with the commissioner. Rule R592-15 sets forth procedures for those filings.
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 during the last five years.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
The Title and Escrow Commission requested and approved Rule R592-15 for continuation. The rule establishes a minimum floor for rates which ensures stability in the industry, and codifies procedures for insurers, agencies, and agents to file those rates.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:
InsuranceTitle and Escrow Commission
Room 3110 STATE OFFICE BLDG
450 N MAIN ST
SALT LAKE CITY, UT 84114-1201
Direct 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 [email protected]
Effective:
04/06/2016
Authorized by:
Steve Gooch, Information Specialist
Additional Information
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/2016/b20160501.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 application of this rule, please contact Steve Gooch at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at [email protected]. For questions about the rulemaking process, please contact the Division of Administrative Rules.