Director of the Financial Regulation and Licensing Division
Key decision makers in the same organization
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Public Activity & Signals
Board meetings, strategic plans, and buyer signals from Perri Ann Babalis’s organization
Sep 14, 2026·BoardMeeting
Board
Title & Escrow and Real Estate Commissions Minutes
The meeting addressed the enforcement of the 70/30 rule governing affiliated business arrangements, confirming full compliance across audited agencies and establishing future audit strategies. Discussions covered the rollout and key updates for the new real estate purchase contract form, including deadline centralization and clarity on remedies for earnest money. Additionally, the commissions reviewed title fraud prevention measures, highlighting the increasing risks posed by AI-driven deepfakes and wire fraud, and underscored the importance of direct, verbal communication with clients to mitigate these threats.
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The meeting included a review of concurrence reports for licenses and penalties, including a forfeiture for a late annual report filing. The Commission received an update on 2026 goals, including a presentation on affiliated businesses. Discussions focused on common 2025 annual report findings, specifically regarding trust fund account compliance, title assessment deadlines, and capital/net worth calculations. The Commission also addressed the definition of escrow closing, the enforcement of underwriter rates, and proposed amendments to Rule R592-9-3 regarding premium definitions. Finally, the Commission approved rule changes regarding the winding down of a title agency.
Aug 10, 2026·BoardMeeting
Board
Title & Escrow Commission Meeting Minutes
The commission addressed several key agenda items, including license and penalty concurrences, specifically concerning the Prospect Title Insurance Agency. Updates were provided on 2026 goals, including the ULTA report and upcoming educational sessions. The session also covered internal department processes for handling title-related inquiries, marketing question determinations, and reviewed the pending rule regarding the procedures for winding down a title agency.
Aug 1, 2026·StrategicPlan
Board
Utah Insurance Department Strategic Plan 2026-2031
This Strategic Plan outlines the direction for the Utah Insurance Department, aiming to regulate the insurance industry within Utah and collaboratively with other states. Its core purpose is to protect the financial security of Utah's people and businesses by fostering a healthy insurance market where insurers fulfill commitments and licensees comply with laws. The plan focuses on three key goals: promoting a positive workplace, cultivating a healthy insurance market that benefits consumers and businesses, and delivering exceptional customer service through efficiency, responsiveness, and innovation. It also seeks to streamline government, improve efficiency, productivity, and customer service, aligning with state budgeting processes.
Extracted from official board minutes, strategic plans, and video transcripts.
