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CS/HB 695: Title Insurance

GENERAL BILL by Regulatory Affairs Committee ; Boyd

Title Insurance; Revises reserves that certain title insurers must set aside after certain date; revises manner in which reserves must be released; revises reserve requirements for title insurer who transfers domicile to this state; requires calculation of adjusted statutory premium reserve; requires increases to statutory premium reserves under certain circumstances; authorizes release of reserves to surplus in certain circumstances.

Effective Date: 7/1/2016
Last Action: 3/10/2016 - Chapter No. 2016-57
Location: Became Law
Bill Text: PDF



Bill History

Date Chamber Action
11/17/2015 House • Filed
11/23/2015 House • Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 61
11/24/2015 House • On Committee agenda-- Insurance and Banking Subcommittee, 12/02/15, 11:30 am, Sumner Hall
12/2/2015 House • Favorable by Insurance and Banking Subcommittee; YEAS 9 NAYS 0 -HJ 166
12/4/2015 House • Now in Regulatory Affairs Committee -HJ 166
1/12/2016 House • Introduced -HJ 61
• On Committee agenda-- Regulatory Affairs Committee, 01/14/16, 8:00 am, Sumner Hall --Temporarily postponed
1/19/2016 House • On Committee agenda-- Regulatory Affairs Committee, 01/21/16, 11:30 am, Sumner Hall
1/21/2016 House • CS by- Regulatory Affairs Committee; YEAS 16 NAYS 0 -HJ 263
1/25/2016 House • Pending review of CS -under Rule 7.19(c)
• CS by Regulatory Affairs Committee read 1st time -HJ 261
1/26/2016 House • Placed on Calendar -HJ 286
1/29/2016 House • Placed on Special Order Calendar, 02/02/16
2/2/2016 House • Read 2nd time -HJ 356
• Placed on 3rd reading
2/3/2016 House • Read 3rd time -HJ 377
• CS passed; YEAS 119 NAYS 0 -HJ 378
2/10/2016 Senate • In Messages
• Referred to Banking and Insurance; Commerce and Tourism; Fiscal Policy -SJ 351
• Received -SJ 351
2/24/2016 Senate • Withdrawn from Banking and Insurance; Commerce and Tourism; Fiscal Policy -SJ 493
• Placed on Calendar, on 2nd reading -SJ 493
• Substituted for CS/CS/SB 940 -SJ 493
• Read 2nd time -SJ 493
• Placed on 3rd reading
3/2/2016 Senate • Read 3rd time -SJ 549
• CS passed; YEAS 37 NAYS 0 -SJ 550
3/2/2016 House • Ordered enrolled -HJ 687
3/3/2016 • Signed by Officers and presented to Governor -HJ 726
3/10/2016 • Approved by Governor -HJ 1048
• Chapter No. 2016-57