Rule 14-902. Purpose and scope;establishment of Fund.
(a) The Fund is established toreimburse clients for losses caused by the dishonest conduct committed bylawyers admitted to practice in Utah.
(b) The purpose of the Fund isto promote public confidence in the administration of justice and the integrityof the legal profession by reimbursing losses caused by the dishonest conductof lawyers admitted and licensed to practice law in Utah, occurring in thecourse of the lawyer/client or fiduciary relationship between the lawyer andthe claimant.
(c) Every lawyer has anobligation to the public to participate in the collective effort of the Bar toreimburse persons who have lost money or property as a result of the dishonestconduct of another lawyer. Contribution to the Fund is an acceptable method ofmeeting this obligation.
(d) These rules shall beeffective for claims filed after August 1990, and the Committee, which waspreviously authorized under the former resolution, may act under the terms ofthe former resolution on claims filed prior to the effective date of theserules.