If the purpose would be to actually "play" Ultima Online
then that is correct. You are not allowed to do that using an emulator.
It's as simple as that.
However, there are situations where you could be using an emulator
in a private and single-user environment. You can install an emulator
in such a way that only *you* can enter the world. You are not allowing
others to play on your server, nor are you going to actually play
the game. (Maybe you would if you play a hermit...)
When you are alone in your world, there are several things you can
do
- You can walk or teleport around the world and have a good look
at things without having to worry about monsters or other players
on your tail
- You can create new structures, tile by tile. This has been done
by people to send in new house designs (before UO:Renaissance).
- You can create scenes to be used in those wonderful comics such
as ImaNewbie
Does Britannia.
- You can have a good look at all the various art that is used in
UO
Keep in mind though, that by using an emulator in such a way, you
are moving into the grey area between what is allowed and what is
not. Until today Origin has not asked any fan or comics site to stop
using the UO art that was created with the use of an emulator. Our
advice: when used with some common sense, you can enjoy your emulator
and use it to look around in Britannia and/or create interesting screenshots.