Utah Title Insurance Marketing Rep. 17-13

Entities that can be Insured

Individual - Corporations - Partnerships - LLC - Trustees of Trusts -

31A-23a-101 (Purpose) - R592-1 ( Authority)

Promoting the professional competence of Insurance, Surplus Lines, and Limited Line producers Providing maximum freedom of marketing methods for insurance Preserving and encouraging competition at consumer level Regulating insurance marketing practices Promoting uniform licensing requirements between the several states - Establish rules for licensing of a title licensee, renewal of title license in accordance with 31A-23a-105

Risks Covered by title Insurance - Risk of error in public records - Hidden off-record risks - Risk of omission and commission by producer

Public Record - Clerical/Filing Errors, Illegal Deeds, Unknown Liens, Hidden - Mechanics Lien, Incorrect Survey, Tax Liens, Violations, E&O Insurance - Coverage for Company/Individual, helps protect from lawsuits/errors Other Risks - Forgeries, unknown easements, boundary/survey disputes, unknown liens,