This filing was published in the 05/15/2008, issue, Vol. 2008, No. 10, of the Utah State Bulletin.
Insurance, Title and Escrow Commission
Title Insurance Continuing Education Program
NOTICE OF PROPOSED RULE
DAR File No.: 31337
Filed: 04/30/2008, 01:58
Received by: NL
Purpose of the rule or reason for the change:
The purpose of this new rule is to delegate authority from the Title and Escrow Commission to the Insurance Commissioner to provisionally approve continuing education programs related to title insurance and to establish procedures for the commission to approve continuing education programs related to title insurance provisionally approved by the commissioner.
Summary of the rule or change:
This rule grants authority to the Insurance Commissioner to provisionally approve continuing education programs related to title insurance so these programs can be processed in the same manner as all other insurance related continuing education programs. Without this rule, the commission would have to develop processes and procedures, hire staff, and create on-line systems to provide approval for title related continuing education courses. With this rule the commission is able to utilize the existing processes, procedures, and staff of the Insurance Department to provide a title related continuing education program.
State statutory or constitutional authorization for this rule:
Subsections 31A-2-404(2)(a) and (g)
Anticipated cost or savings to:
the state budget:
No additional cost will be incurred by state government because the existing staff of the Insurance Department is currently handling the title related continuing education program.
There is no cost to local government because local government is not affected by transactions between a state agency (the Insurance Department) and a subsidiary commission to that state agency (the Title and Escrow Commission).
small businesses and persons other than businesses:
Small businesses (title insurance agencies) and individual title insurance producers currently incur costs to take title-related continuing education courses. This rule does not impact those costs because the rule does not change the current processes and procedures for the title-related continuing education program. The rule merely codifies the approval process between the Title and Escrow Commission and the Insurance Commissioner.
Compliance costs for affected persons:
There are no costs for affected persons because the existing staff of the Insurance Department is currently handling the title related continuing education program.
Comments by the department head on the fiscal impact the rule may have on businesses:
This rule has no fiscal impact on businesses. D. Kent Michie, Commissioner
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:Insurance
Title and Escrow Commission
Room 3110 STATE OFFICE BLDG
450 N MAIN ST
SALT LAKE CITY UT 84114-1201
Direct questions regarding this rule to:
Jilene Whitby at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at firstname.lastname@example.org
Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:
This rule may become effective on:
Jilene Whitby, Information Specialist
R592. Insurance, Title and Escrow Commission.
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For questions regarding the content or application of this rule, please contact Jilene Whitby at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at email@example.com
For questions about the rulemaking process, please contact the Division of Administrative Rules (801-538-3764). Please Note: The Division of Administrative Rules is NOT able to answer questions about the content or application of these administrative rules.
Last modified: 05/14/2008 3:03 PM