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CS/CS/HB 643: Title Insurance

GENERAL BILL by Economic Affairs Committee ; Insurance and Banking Subcommittee ; Moraitis

Title Insurance; Specifies continuing education requirements for title insurance agents; specifies additional grounds to deny, suspend, revoke, or refuse to renew or continue license or appointment of title insurance agent or agency; requires attorney serving as title or real estate settlement agent to deposit & maintain certain funds in separate trust account & permit account to be audited by applicable title insurer, unless prohibited by rules of Florida Bar; provides procedures & requirements relating to approval or disapproval of title insurance forms by OIR; requires title insurance agencies & certain insurers to submit specified information to office to assist in analysis of title insurance premium rates, title search costs, & condition of title insurance industry; requires FSC to adopt rules.

Effective Date: 7/1/2012
Last Action: 5/6/2012 - Chapter No. 2012-206, companion bill(s) passed, see CS/CS/HB 645 (Ch. 2012-207), CS/CS/CS/HB 725 (Ch. 2012-209)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    11/14/2011 House • Filed
    11/21/2011 House • Referred to Insurance and Banking Subcommittee; Rulemaking and Regulation Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 64
    1/10/2012 House • Introduced -HJ 64
    1/12/2012 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/17/12, 3:30 pm, 404 HOB
    1/17/2012 House • CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 1 -HJ 248
    1/23/2012 House • Pending review of CS under Rule 7.19(c)
    • CS by Insurance and Banking Subcommittee read 1st time -HJ 243
    1/24/2012 House • Original reference(s) removed: Government Operations Appropriations Subcommittee
    • CS referred to Rulemaking and Regulation Subcommittee; Economic Affairs Committee -HJ 281
    • Now in Rulemaking and Regulation Subcommittee -HJ 281
    2/1/2012 House • On Committee agenda-- Rulemaking and Regulation Subcommittee, 02/03/12, 9:00 am, 306 HOB
    2/3/2012 House • Favorable by Rulemaking and Regulation Subcommittee; YEAS 14 NAYS 1 -HJ 467
    • Now in Economic Affairs Committee -HJ 467
    2/6/2012 House • On Committee agenda-- Economic Affairs Committee, 02/08/12, 8:00 am, Reed Hall
    2/8/2012 House • CS/CS by- Economic Affairs Committee; YEAS 14 NAYS 2 -HJ 577
    2/10/2012 House • Pending review of CS -under Rule 7.19(c)
    • CS/CS by Economic Affairs Committee read 1st time -HJ 575
    2/11/2012 House • Placed on Calendar -HJ 581
    2/13/2012 House • Placed on Special Order Calendar, 02/15/12
    2/15/2012 House • Read 2nd time -HJ 621
    • Placed on 3rd reading
    2/16/2012 House • Read 3rd time -HJ 639
    • CS passed; YEAS 118 NAYS 0 -HJ 639
    2/22/2012 Senate • In Messages
    3/5/2012 Senate • Received -SJ 817
    • Referred to Banking and Insurance; Judiciary; Budget -SJ 817
    3/7/2012 Senate • Withdrawn from Banking and Insurance; Judiciary; Budget -SJ 939
    • Placed on Calendar, on 2nd reading -SJ 939
    • Substituted for CS/CS/SB 1404 -SJ 939
    • Read 2nd time -SJ 939
    • Read 3rd time -SJ 939
    • CS passed; YEAS 40 NAYS 0 -SJ 939
    3/7/2012 House • Ordered enrolled -HJ 1178
    4/20/2012 • Signed by Officers and presented to Governor
    5/4/2012 • Approved by Governor
    5/6/2012 • Chapter No. 2012-206, companion bill(s) passed, see CS/CS/HB 645 (Ch. 2012-207), CS/CS/CS/HB 725 (Ch. 2012-209)

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  • CS/CS/HB 643, Enrolled (Current Bill Version) Posted 3/7/2012 at 4:27 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 645 (er) Pub. Rec./Title Insurance Data/Office of Insurance Regulation Moraitis Linked Last Action: 5/6/2012 Chapter No. 2012-207, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    S 1404 (c2) Title Insurance Altman Similar Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206), CS/CS/HB 645 (Ch. 2012-207), CS/CS/CS/HB 725 (Ch. 2012-209) -SJ 939
    Location: Laid on Table
    H 725 (er) Insurance Agents and Adjusters Hager Compare Last Action: 5/6/2012 Chapter No. 2012-209, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    S 1406 (c2) Public Records/Title Insurance Data/Office of Insurance Regulation Altman Compare Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 645 (Ch. 2012-207), CS/CS/HB 643 (Ch. 2012-206) -SJ 939
    Location: Laid on Table

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.2815 Continuing education required; application; exceptions; requirements; penalties. Page 2 (pdf)
    626.8437 Grounds for denial, suspension, revocation, or refusal to renew license or appointment. Page 2 (pdf)
    626.8473 Escrow; trust fund. Page 3 (pdf)
    627.777 Approval of forms. Page 3 (pdf)
    627.782 Adoption of rates. Page 4 (pdf)

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  • CS/CS/HB 643, Committee Substitute 2 Posted 2/10/2012 at 3:09 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 645 (c2) Pub. Rec./Title Insurance Data/Office of Insurance Regulation Moraitis Linked Last Action: 5/6/2012 Chapter No. 2012-207, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    S 1404 (c2) Title Insurance Altman Similar Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206), CS/CS/HB 645 (Ch. 2012-207), CS/CS/CS/HB 725 (Ch. 2012-209) -SJ 939
    Location: Laid on Table
    H 725 (e2) Insurance Agents and Adjusters Hager Compare Last Action: 5/6/2012 Chapter No. 2012-209, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    S 1406 (c2) Public Records/Title Insurance Data/Office of Insurance Regulation Altman Compare Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 645 (Ch. 2012-207), CS/CS/HB 643 (Ch. 2012-206) -SJ 939
    Location: Laid on Table

    Floor Votes (2)

    Date Chamber Result
    2/16/2012 3:23 PM House 118 Yeas - 0 Nays
    3/7/2012 11:46 AM Senate 40 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.2815 Continuing education required; application; exceptions; requirements; penalties. Page 2 (pdf)
    626.8437 Grounds for denial, suspension, revocation, or refusal to renew license or appointment. Page 2 (pdf)
    626.8473 Escrow; trust fund. Page 3 (pdf)
    627.777 Approval of forms. Page 3 (pdf)
    627.782 Adoption of rates. Page 4 (pdf)

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  • CS/HB 643, Committee Substitute 1 Posted 1/23/2012 at 9:50 AM

    Bill Text:   PDF
    Analyses:   Rulemaking and Regulation Subcommittee (Post-Meeting) 2/3/2012 (pdf)
    Economic Affairs Committee (Post-Meeting) 2/10/2012 (pdf)
    Insurance and Banking Subcommittee (Post-Meeting) 5/7/2012 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 645 (c2) Pub. Rec./Title Insurance Data/Office of Insurance Regulation Moraitis Linked Last Action: 5/6/2012 Chapter No. 2012-207, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    S 1404 (c1) Title Insurance Altman Identical Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206), CS/CS/HB 645 (Ch. 2012-207), CS/CS/CS/HB 725 (Ch. 2012-209) -SJ 939
    Location: Laid on Table
    S 1406 (c2) Public Records/Title Insurance Data/Office of Insurance Regulation Altman Compare Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 645 (Ch. 2012-207), CS/CS/HB 643 (Ch. 2012-206) -SJ 939
    Location: Laid on Table

    Committee Amendments (4)

    Amendment Sponsor Filed Last Committee Action Format
    627721 - Amendment
    Remove lines 41-48 and insert:
    Moraitis 2/7/2012
    6:45 PM
    Adopted without Objection
    2/8/2012
    PDF
    389429 - Amendment
    Remove lines 59-61 and insert:
    Moraitis 2/7/2012
    6:46 PM
    Adopted without Objection
    2/8/2012
    PDF
    020037 - Amendment
    Remove line 108 and insert:
    Moraitis 2/7/2012
    6:47 PM
    Adopted without Objection
    2/8/2012
    PDF
    901063 - Amendment
    Remove line 114 and insert:
    Moraitis 2/7/2012
    6:48 PM
    Adopted without Objection
    2/8/2012
    PDF

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    626.2815 Continuing education required; application; exceptions; requirements; penalties. Page 2 (pdf)
    626.8437 Grounds for denial, suspension, revocation, or refusal to renew license or appointment. Page 2 (pdf)
    626.8473 Escrow; trust fund. Page 3 (pdf)
    627.777 Approval of forms. Page 3 (pdf)
    627.782 Adoption of rates. Page 4 (pdf)

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  • HB 643, Original Filed Version Posted 11/14/2011 at 3:26 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 645 Pub. Rec./Title Insurance Data/DFS Moraitis Linked Last Action: 5/6/2012 Chapter No. 2012-207, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    S 1404 Title Insurance Altman Identical Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206), CS/CS/HB 645 (Ch. 2012-207), CS/CS/CS/HB 725 (Ch. 2012-209) -SJ 939
    Location: Laid on Table
    H 4147 Title Insurance Agency Licensure Logan Compare Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee
    Location: In committee/council (INBS)
    S 938 (c1) Insurance Agents and Adjusters Richter Compare Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 725 (Ch. 2012-209) -SJ 918
    Location: Laid on Table
    S 1406 Public Records/Title Insurance Data/Department of Financial Services Altman Compare Last Action: 3/7/2012 S Laid on Table, companion bill(s) passed, see CS/CS/HB 645 (Ch. 2012-207), CS/CS/HB 643 (Ch. 2012-206) -SJ 939
    Location: Laid on Table
    S 1694 Title Insurance Agency Licensure Hays Compare Last Action: 3/9/2012 S Died in Banking and Insurance
    Location: In committee/council (BI)

    Citations - Statutes (13)

    Citation Catchline Location in Bill Location In Bill Help
    626.2815 Continuing education required; application; exceptions; requirements; penalties. Page 3 (pdf)
    626.841 Definitions. Page 4 (pdf)
    626.8417 Title insurance agent licensure; exemptions. Page 4 (pdf)
    626.8418 Application for title insurance agency license. Page 5 (pdf)
    626.8419 Appointment of title insurance agency. Page 7 (pdf)
    626.8422 Page 8 (pdf)
    626.8437 Grounds for denial, suspension, revocation, or refusal to renew license or appointment. Page 8 (pdf)
    626.8473 Escrow; trust fund. Page 9 (pdf)
    627.777 Approval of forms. Page 9 (pdf)
    627.7815 Page 10 (pdf)
    627.782 Adoption of rates. Page 12 (pdf)
    627.7985 Page 12 (pdf)
    689.263 Page 14 (pdf)

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