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Code · Utah · Title 31A — Insurance Code · Chapter 41

31A-41-304. Insufficient funds to satisfy judgment.

113 words·~1 min read·/ut/title-31a/chapter-41/31a-41-304

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31A-41-304. Insufficient funds to satisfy judgment.
If the money in the fund is insufficient to satisfy a claim ordered to be paid under Section 31A-41-303 , when sufficient money is in the fund, the department shall pay a person with an unpaid claim:
(1)in the order that petitions related to unpaid claims are originally served on the department; and
(2)an amount equal to the sum of:
(a)the unpaid claim; and
(b)interest on the unpaid claim at a rate of 5% per annum from the date the court orders payment from the fund until the day on which the claim is paid.
Amended by Chapter 342 , 2011 General Session
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