Utah Code 13-51-203. Payment of a claim from the fund
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(1) A person that holds a lien on a vehicle used by a transportation network driver to provide transportation network services may submit a claim to the division for payment from the fund for physical damage to the vehicle.
Terms Used In Utah Code 13-51-203
- Contract: A legal written agreement that becomes binding when signed.
- fund: means the Transportation Network Vehicle Recovery Fund created in Subsection (2). See Utah Code 13-51-201
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) The division shall pay a claim for payment from the fund to a person that holds a lien on a vehicle described in Subsection (1) for physical damage to the vehicle if:(2)(a) the physical damage to the vehicle occurred during a waiting period or a prearranged ride;(2)(b) the lien complies with Section 41-1a-601;(2)(c) the person required the transportation network driver, by contract, to maintain insurance coverage for physical damage to the vehicle;(2)(d) the insurance coverage described in Subsection (2)(c):(2)(d)(i) names the person as the loss payee;(2)(d)(ii) was in effect at the time the physical damage occurred; and(2)(d)(iii) denied coverage to the person as the loss payee on the sole basis that the transportation network driver used the vehicle to provide transportation network services in the state; and(2)(e) the division determines, no earlier than 10 days after the day on which the person makes the claim, that:(2)(e)(i) no other insurance is available from the relevant transportation network company; and(2)(e)(ii) the fund has enough money to cover the cost of the claim.(3) If the division grants a claim to a person for a lien on a transportation network driver’s vehicle under Subsection (2), the fund shall pay the person the lesser of, as estimated by the division:(3)(a) the cost to repair the vehicle;(3)(b) the actual cash value of the vehicle less any salvage costs; or(3)(c) the amount of money in the fund.(4) The division may not accept or pay a claim under this section after the balance of the fund is zero.