CS/SB 826: Title Insurance Claims
GENERAL BILL by Banking and Insurance ; Bennett
Title Insurance Claims; Providing that after a specified time, a title insurer must pay the claim or pay an additional percentage above the initial amount insured to reimburse the policyholder for certain expenses until the claim is cured; providing conditions and amounts for the simultaneous issue of an owner’s title insurance policy in additional to the loan title insurance policy; providing criteria for the supplemental coverage; establishing the premium for such coverage and providing for a waiver of coverage; specifying that a title insurer’s determination of insurability must be based on the evaluation of a reasonable title search beginning with a root of title, etc.
- Banking and Insurance (BI)
- Judiciary (JU)
- Budget (BC)
• Referred to Banking and Insurance; Judiciary; Budget -SJ 69
• Introduced -SJ 69
• On Committee agenda-- Banking and Insurance, 01/19/12, 8:00 am, 412 Knott Building --Not Considered
• On Committee agenda-- Banking and Insurance, 01/26/12, 1:30 pm, 412 Knott Building
• CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 301
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Banking and Insurance read 1st time -SJ 305
• Now in Judiciary -SJ 301
• On Committee agenda-- Judiciary, 02/09/12, 1:15 pm, 110 Senate Office Building --Not Considered
• Died in Judiciary
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