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CS/CS/SB 548: Title Insurance

GENERAL BILL by Appropriations ; Banking and Insurance ; Richter

Title Insurance; Increasing a title insurer’s limit of risk from one-half of its surplus as to policyholders to the entirety of its surplus; revising an exception to the limit; providing that the risk limitation does not prohibit ceding portions of the total risk to specified reinsurers, etc.

Effective Date: 7/1/2016
Last Action: 3/3/2016 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 413 (Ch. 2016-82) -SJ 616
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    10/16/2015 Senate • Filed
    10/23/2015 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 40
    11/9/2015 Senate • On Committee agenda-- Banking and Insurance, 11/17/15, 1:00 pm, 110 Senate Office Building
    11/17/2015 Senate • CS by Banking and Insurance; YEAS 9 NAYS 0 -SJ 126
    11/18/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    11/19/2015 Senate • Now in Appropriations Subcommittee on General Government -SJ 126
    1/8/2016 Senate • On Committee agenda-- Appropriations Subcommittee on General Government, 01/13/16, 1:30 pm, 110 Senate Office Building
    1/12/2016 Senate • Introduced -SJ 40
    • CS by Banking and Insurance read 1st time -SJ 116
    1/13/2016 Senate • Subcommittee Recommendation: CS/CS by Appropriations Subcommittee on General Government; YEAS 7 NAYS 0 -SJ 222
    1/15/2016 Senate • Now in Appropriations -SJ 222
    2/15/2016 Senate • On Committee agenda-- Appropriations, 02/18/16, 1:00 pm, 412 Knott Building
    2/18/2016 Senate • CS/CS by- Appropriations; YEAS 15 NAYS 0 -SJ 434
    2/19/2016 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading -SJ 434
    2/22/2016 Senate • CS/CS by Appropriations read 1st time -SJ 436
    3/1/2016 Senate • Placed on Special Order Calendar, 03/03/16
    3/3/2016 Senate • Read 2nd time -SJ 616
    • Substituted CS/CS/HB 413 -SJ 616
    • Laid on Table, companion bill(s) passed, see CS/CS/HB 413 (Ch. 2016-82) -SJ 616

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  • CS/CS/SB 548, Committee Substitute 2 (Current Bill Version) Posted 2/19/2016 at 8:54 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 413 (er) Title Insurance Hager Similar Last Action: 3/24/2016 Chapter No. 2016-82
    Location: Became Law

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.778 Limit of risk. Page 1 (pdf)

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  • CS/SB 548, Committee Substitute 1 Posted 11/18/2015 at 1:41 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations Subcommittee on General Government (Pre-Meeting) 1/12/2016 (pdf)
    Appropriations Subcommittee on General Government (Post-Meeting) 1/15/2016 (pdf)
    Appropriations (Pre-Meeting) 2/16/2016 (pdf)
    Appropriations PCS 517060 (Pre-Meeting) 2/16/2016 (pdf)
    Appropriations (Post-Meeting) 2/18/2016 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 413 (c2) Title Insurance Hager Similar Last Action: 3/24/2016 Chapter No. 2016-82
    Location: Became Law

    Proposed Committee Substitutes (1)

    PCS and Amendments Sponsor Filed Last Committee Action Format
    517060 - Proposed Committee Substitute Appropriations 1/15/2016
    4:24 PM
    Replaced by Committee Substitute
    2/18/2016
    Web Page
    PDF

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    926508 - Amendment
    Between lines 23 and 24 insert:
    Appropriations Subcommittee on General Government
    (Lee)
    1/11/2016
    9:45 AM
    Replaced by Committee Substitute
    1/13/2016
    Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    1/13/2016 1:30 PM Appropriations Subcommittee on General Government 7 Yeas - 0 Nays
    2/18/2016 1:00 PM Appropriations 15 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.778 Limit of risk. Page 1 (pdf)

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  • SB 548, Original Filed Version Posted 10/16/2015 at 1:29 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 11/16/2015 (pdf)
    Banking and Insurance (Post-Meeting) 11/18/2015 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 413 Title Insurance Hager Similar Last Action: 3/24/2016 Chapter No. 2016-82
    Location: Became Law

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    629580 - Amendment
    Delete lines 29 - 36 and insert:
    Banking and Insurance
    (Richter)
    11/9/2015
    3:59 PM
    Replaced by Committee Substitute
    11/17/2015
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    11/17/2015 1:00 PM Banking and Insurance 9 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.778 Limit of risk. Page 1 (pdf)

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