Utah Admin. Code R592-6-3 - Definitions
Terms used in this rule are defined in Sections 31A-1-301 and 31A-2-402. Additional terms are defined as follows:
(1)
(a) "Business activities" include sporting
events, sporting activities, musical events, art events, and similar
activities.
(b) "Business
activities" do not include:
(i) awards
banquets, recognition events, or similar activities that are sponsored or
hosted by or for clients; or
(ii)
commercial travel.
(2)
(a)
"Business meals" include breakfast, brunch, lunch, dinner, cocktails, and
tips.
(b) "Business meals" do not
include awards banquets, recognition events, or similar activities sponsored by
or for clients.
(3)
(a) "Client" means any person who influences,
or who may influence, the placement of title insurance business or who is
engaged in a business, profession, or occupation of:
(i) buying or selling interests in real
property; or
(ii) making loans
secured by interests in real property.
(b) "Client" may include real estate agents,
real estate brokers, mortgage brokers, lending or financial institutions,
builders, developers, subdividers, attorneys, consumers, escrow companies, and
their employees, agents, representatives, and solicitors.
(c) "Client" does not include a trade
association, for the purposes of this rule.
(4) "Official trade association publication"
means:
(a) a membership directory, provided
its exclusive purpose is that of providing the distribution of an annual roster
of the association's members to the membership and other interested parties;
or
(b) an annual, semiannual,
quarterly, or monthly publication containing information and topical material
for the benefit of the members of the association.
(5) "Title insurance business" means the
business of title insurance and the conducting of escrow.
(6) "Title producer" means a title insurer,
agency title insurance producer, or individual title insurance
producer.
(7) "Trade association"
means a recognized association of persons, a majority of whom are clients or
persons whose primary activity involves real property.
Notes
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