31A-19a-209. Special provisions for title insurance.
(1) The Title and Escrow Commission may make rules, in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, and subject to Section, establishing rate standards and rating methods. 31A-2-404 The commissioner shall determine compliance with rate standards and rating methods for title insurers, individual title insurance producers, and agency title insurance producers. In addition to the considerations in determining compliance with rate standards and rating methods as set forth in Sectionsand, including for title insurers, the commissioner and the Title and Escrow Commission shall consider the costs and expenses incurred by title insurers, individual title insurance producers, and agency title insurance producers pertaining to the business of title insurance including: 31A-19a-201 31A-19a-202 the maintenance of title plants; and the examining of public records to determine insurability of title to real property.
(2) A title insurer may not use any rate or other charge relating to the business of title insurance that would cause the title insurer to fail to adequately underwrite a title insurance policy.