2006 Utah Code - 41-1a-1005 — Salvage vehicle -- Declaration by insurance company -- Surrender of title -- Salvage certificate of title.

     41-1a-1005.   Salvage vehicle -- Declaration by insurance company -- Surrender of title -- Salvage certificate of title.
     (1) (a) (i) If an insurance company declares a vehicle a salvage vehicle and takes possession of the vehicle for disposal, or an insurance company pays off the owner of a vehicle that is stolen and not recovered, the insurance company shall within ten days from the settlement of the loss surrender to the division the outstanding certificate of title, properly endorsed, or other evidence of ownership acceptable to the division.
     (ii) The division shall then issue a salvage certificate in the insurance company's name.
     (b) (i) If the owner of a salvage vehicle retains possession of the vehicle, the insurance company shall within ten days from the settlement of the loss notify the division of the retention on a form prescribed by the division.
     (ii) The insurance company shall notify the owner of the vehicle of his responsibility to comply with this section.
     (iii) The owner shall within ten days from the settlement of the loss surrender to the division the properly endorsed certificate of title or other evidence of ownership acceptable to the division.
     (iv) The division shall then issue a salvage certificate in the owner's name.
     (c) (i) When a salvage vehicle is not the subject of an insurance settlement, a self-insurer or an owner who is uninsured shall within ten days of the theft or major damage surrender to the division the properly endorsed certificate of title or other evidence of ownership acceptable to the division.
     (ii) The division shall then issue a salvage certificate in the owner's name.
     (d) (i) If a dealer licensed under Title 41, Chapter 3, Part 2, Licensing, takes possession of any salvage vehicle for which there is not already issued a branded title or salvage certificate from the division or another jurisdiction, the dealer shall within ten days surrender to the division the certificate of title or other evidence of ownership acceptable to the division.
     (ii) The division shall then issue a salvage certificate in the applicant's name.
     (2) Any person, insurance company, or dealer licensed under Title 41, Chapter 3, Part 2, Licensing, who fails to obtain a salvage certificate as required in this section or who sells a salvage vehicle without first obtaining a salvage certificate is guilty of a class B misdemeanor.
     (3) This section does not apply to a vehicle:
     (a) that has an undamaged, wholesale value of $2,000 or less; or
     (b) if a salvage certificate has been issued by another state or jurisdiction for the salvage vehicle.
     (4) Upon sale or disposal of a salvage vehicle, the seller shall deliver to the purchaser the properly endorsed salvage certificate within 48 hours as required in Section 41-1a-1310, or if the seller is a dealer licensed under Title 41, Chapter 3, Part 2, Licensing, the dealer shall comply with Section 41-3-301.
     (5) Except as provided in Subsection (1), this chapter does not apply to a motor vehicle that has been stolen or taken without the consent of the owner until the motor vehicle has been recovered, and then it applies only if the motor vehicle is a salvage vehicle.

Amended by Chapter 234, 1992 General Session
Renumbered and Amended by Chapter 1, 1992 General Session