1. (1) An authorized foreign title insurer may only insure property in this state:

   1. (a) through an agency title insurance producer who is a resident in Utah; or

   2. (b) if the authorized foreign title insurer has a bona fide office in Utah:

      1. (i) that is under the direction and control of the authorized foreign title insurer;
      2. (ii) for which the authorized foreign title insurer pays the expenses, including compensation of the employees of the bona fide office;
      3. (iii) at which a person may request information about title services related to a real estate transaction for which the person is a party;
      4. (iv) at which a person may deliver written communications to the authorized foreign title insurer as required by the real estate transaction for which the person is a party; and
      5. (v) at which a person may deliver escrow money related to a real estate transaction for which the person is a party.
2. (2) This section does not apply to reinsurance.

Amended by Chapter 319, 2013 General Session