UTAH CODE (Last Updated: January 16, 2015)

§ 31A-20-109. Single risk limitation for title insurance.

Latest version.

(1)

As used in this section:

(a)	"Net retained liability" means the total potential liability retained by a title insurer for a single risk, after deducting liability reinsured for which credit may be taken under Section 31A-17-404.

(b)	"Single risk" means the sum of the potential liabilities under all title insurance policies issued on any estates in the same real property.

(2)	The net retained liability of a title insurer for a single risk, whether assumed directly or as reinsurance, may not exceed 50% of the capital and surplus of the insurer.

Enacted by Chapter 242, 1985 General Session

                    
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