(1) There is created an expendable special revenue fund to be known as the "Title Insurance Recovery, Education, and Research Fund."
(2) The fund shall consist of: (a) assessments on individual title insurance producers and agency title insurance producers made under this chapter; (b) amounts collected under Section 31A-41-305; and (c) interest earned on the fund.
(a) assessments on individual title insurance producers and agency 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.
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