R & R Industrial Park, L.L.C. v. Utah Property & Casualty Insurance Guaranty Ass'n

DURHAM, Chief Justice:

INTRODUCTION

T1 This case comes to us on appeal from summary judgment and an order invalidating a settlement agreement between the parties. We are presented with two questions in this case: (1) whether the district court correctly interpreted Utah Code sections 31A-28-201 to -222 (the Guaranty Act), and (2) whether the district court properly invalidated the parties' settlement agreement (the Settlement Agreement). We affirm the district court's interpretation of the Guaranty Act, but reverse its holding regarding the Settlement Agreement.

BACKGROUND

T2 In 1999, a fire…