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House tightens experience rules for title agencies in insurance licensing bill
Summary
Lawmakers restored longer experience windows for title agency owners and managers during debate on House Bill 233, citing enforcement problems with inexperienced agencies and escrow trust risks. The bill passed the House as amended and moves to the Senate.
The Utah House on Jan. 25 amended House Bill 233 to tighten experience requirements for individuals who open or manage title insurance agencies. The bill, which the sponsor described as clarifying reporting requirements, adding experience prerequisites for title agency ownership or management, and adjusting viatical settlement provider oversight, received floor amendments reinstating longer experience windows after committee changes.
Representative Paul…
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