This filing was published in the 05/15/2008, issue, Vol. 2008, No. 10, of the Utah State Bulletin.
Insurance, Title and Escrow Commission
Application Process for an Attorney Exemption for Title Agency Licensing
NOTICE OF PROPOSED RULE
DAR File No.: 31339
Filed: 04/30/2008, 02:43
Received by: NL
Purpose of the rule or reason for the change:
The purposes of this new rule are: 1) to delegate to the Insurance Commissioner preliminary approval or denial of a request for exemption; 2) to provide a description of the types of real estate experience that could be used by an attorney seeking to qualify for the exemption; 3) to provide a process to apply for a request for exemption; and 4) to provide a process to appeal a denial of a request for exemption.
Summary of the rule or change:
This rule delegates authority to the Insurance Commissioner to do preliminary approval or denial of a request for exemption. The rule provides a description of real estate experience that may be used to qualify for the exemption and a process to request an exemption. The rule also provides for due process by providing a process to appeal a denial of a request for exemption.
State statutory or constitutional authorization for this rule:
Sections 31A-2-404, 31A-23a-204, 31A-1-301, 31A-2-308, 31A-2-402, and 31A-23a-102
Anticipated cost or savings to:
the state budget:
The anticipated workload is less than 20 requests for exemption per year. This minimal workload will be absorbed by the Insurance Commissioner's individual licensing staff without impacting the state budget.
There is no cost to local government because local government is not involved in the licensing of title insurance agencies.
small businesses and persons other than businesses:
There is no cost to small business or individuals other than the minimal costs associated with requesting an exemption.
Compliance costs for affected persons:
There are no compliance costs to affected persons other than the minimal costs associated with requesting an exemption.
Comments by the department head on the fiscal impact the rule may have on businesses:
There is 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:
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:
Interested persons may attend a public hearing regarding this rule:
6/09/2008 at 9:00 AM, State Capitol Complex, East Building, 420 N State St, Beehive Room, Salt Lake City, UT
This rule may become effective on:
Jilene Whitby, Information Specialist
R592. Insurance, Title and Escrow Commission.