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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.

Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died in Judiciary
Location: In committee/council (JU)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Budget (BC)



Bill History

Date Chamber Action
11/3/2011 Senate • Filed
12/5/2011 Senate • Referred to Banking and Insurance; Judiciary; Budget -SJ 69
1/10/2012 Senate • Introduced -SJ 69
1/13/2012 Senate • On Committee agenda-- Banking and Insurance, 01/19/12, 8:00 am, 412 Knott Building --Not Considered
1/23/2012 Senate • On Committee agenda-- Banking and Insurance, 01/26/12, 1:30 pm, 412 Knott Building
1/26/2012 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 301
1/30/2012 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
1/31/2012 Senate • CS by Banking and Insurance read 1st time -SJ 305
2/7/2012 Senate • Now in Judiciary -SJ 301
• On Committee agenda-- Judiciary, 02/09/12, 1:15 pm, 110 Senate Office Building --Not Considered
3/9/2012 Senate • Died in Judiciary