DAR File No. 40499
This notice was published in the July 1, 2016, issue (Vol. 2016, No. 13) of the Utah State Bulletin.
Insurance, Title and Escrow Commission
Rule R592-11
Title Insurance Producer Annual and Controlled Business Reports
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 40499
Filed: 06/15/2016 02:46:53 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:
Subsection 31A-2-404(2)(a) requires the Title and Escrow Commission to make rules related to title insurance. Section 31A-23a-413 requires the annual filing of a report by each title insurance producer, as defined in Section R592-11-3, containing a verified statement of the producer's financial condition, transactions, and affairs. Subsection 31A-23a-503(8) requires the annual filing of a controlled business report. The rule specifies what is to be filed with the producer annual report and controlled business report, specifies when they are to be filed, and requires them to be filed electronically.
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 supporting or opposing the rule within 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:
This rule is needed to establish the form and filing deadline for the Title Insurance Producer Annual Report and Controlled Business Report required by Section 31A-23a-413 and Subsection 31A-23a-503(8)(a). Therefore, this rule should be continued.
The full text of this rule may be inspected, during regular business hours, at the Office 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 sgooch@utah.gov
Effective:
06/15/2016
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/b20160701.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 sgooch@utah.gov. For questions about the rulemaking process, please contact the Office of Administrative Rules.