31A-41-201 - Creation of Title Insurance Recovery, Education, and Research Fund.
31A-41-201. Creation of Title Insurance Recovery, Education, and Research Fund.
(1) There is created a restricted special revenue fund to be known as the "Title InsuranceRecovery, Education, and Research Fund."
(2) The fund shall consist of:
(a) assessments on title insurance producers made under this chapter;
(b) amounts collected under Section 31A-41-305; and
(c) interest earned on the fund.
(3) Interest on fund money shall be deposited into the fund.
(4) The department shall administer the fund.
Enacted by Chapter 220, 2008 General Session