Utah Admin. Code R873-22M-41 - Issuance of Salvage Certificate in Certain Circumstances Pursuant to Utah Code Ann. Section 41-1a-1005
(1)
Subject to Subsection (3), an insurance company shall receive a salvage
certificate in the insurance company's name if the insurance company provides
the commission:
(a) evidence that the
insurance company has declared a particular vehicle a salvage
vehicle;
(b) a copy of the check
issued to the registered owner of the vehicle; and
(c) a copy of at least two letters the
insurance company has mailed to the registered owner of the vehicle and any
lien holder of that vehicle requesting:
(i) in
the case of an insurance company that has not received a certificate of title
from the registered owner of the vehicle, a copy of the certificate of title or
other evidence of ownership; or
(ii) in the case of an insurance company that
has received an improperly endorsed certificate of title from the registered
owner of the vehicle, correction of the improperly endorsed certificate of
title.
(2)
The information described in Subsection (1) shall accompany the Application for
Utah Title.
(3) If the requirements
of Subsections (1) and (2) are satisfied, the Motor Vehicle Division shall
issue a salvage certificate to an insurance company:
(a) in the case of an insurance company that
has not received a certificate of title from the registered owner of the
vehicle, no sooner than 30 days from the settlement of the loss; or
(b) in the case of an insurance company that
has received an improperly endorsed certificate of title from the registered
owner of the vehicle, no sooner than 30 days from the insurance company's
receipt of an improperly endorsed certificate of title.
Notes
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