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CS/HB 111: Nonresident Title Insurance Agents [EPCC]

GENERAL BILL by Jobs & Entrepreneurship Council ; Galvano ; (CO-INTRODUCERS) Proctor ; Carroll

Nonresident Title Insurance Agents [EPCC]; provides additional requirements for nonresident title insurance agent licensure; revises unlawful rebate specifications; provides exception to prohibition against dealing in certain premium; revises rate & rate deviation requirements; revises determination of insurability & records retention requirements; revises requirements for estoppel letter; provides liability for title insurance agents recording certificate of release, etc. Amends FS.

Effective Date: 10/01/2007
Last Action: 5/22/2007 - Approved by Governor; Chapter No. 2007-44
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    12/19/2006 House • Filed
    1/2/2007 House • Referred to Jobs & Entrepreneurship Council
    2/1/2007 House • Referred to Insurance (JE) by Jobs & Entrepreneurship Council; On Committee agenda-- Insurance (JE), 02/08/07, 9:00 am, Morris Hall --Removed from agenda
    2/15/2007 House • On Committee agenda-- Insurance (JE), 02/22/07, 9:30 am, Morris Hall
    2/22/2007 House • Favorable with 1 amendment(s) by Insurance (JE); YEAS 10 NAYS 0
    2/23/2007 House • Now in Jobs & Entrepreneurship Council
    3/6/2007 House • Introduced, referred to Jobs & Entrepreneurship Council -HJ 00018; Referred to Insurance (JE) by Jobs & Entrepreneurship Council -HJ 00116; On Committee agenda-- Insurance (JE), 02/08/07, 9:00 am, Morris Hall --Removed from agenda; On Committee agenda-- Insurance (JE), 02/22/07, 9:30 am, Morris Hall; Favorable with 1 amendment(s) by Insurance (JE); YEAS 10 NAYS 0 -HJ 00131; Now in Jobs & Entrepreneurship Council -HJ 00131
    4/10/2007 House • On Council agenda-- Jobs & Entrepreneurship Council, 04/12/07, 8:00 am, Morris Hall
    4/12/2007 House • CS by- Jobs & Entrepreneurship Council; YEAS 11 NAYS 0 -HJ 00495
    4/17/2007 House • CS read 1st time on 04/17/07 -HJ 00484; CS filed
    4/20/2007 House • Placed on Calendar -HJ 00568
    4/24/2007 House • Placed on Special Order Calendar; Read 2nd time -HJ 00625; Amendment(s) adopted -HJ 00625; Read 3rd time -HJ 00625; CS passed as amended; YEAS 109 NAYS 0 -HJ 00625
    4/24/2007 Senate • In Messages
    4/26/2007 Senate • Received, referred to Banking and Insurance; Finance and Tax -SJ 00622
    4/30/2007 Senate • Withdrawn from Banking and Insurance; Finance and Tax -SJ 00708; Substituted for CS/SB 636 -SJ 00708; Read 2nd time -SJ 00708
    5/1/2007 Senate • Read 3rd time -SJ 00741; CS passed; YEAS 39 NAYS 0 -SJ 00741
    5/1/2007 House • Ordered enrolled -HJ 00945
    5/17/2007 • Signed by Officers and presented to Governor
    5/22/2007 • Approved by Governor; Chapter No. 2007-44

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  • CS/HB 111, Enrolled (Current Bill Version) Posted 5/2/2007 at 3:47 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 636 (c1) Title Insurance [EPCC] Lawson Similar Last Action: 4/30/2007 S Placed on Special Order Calendar; Substituted CS/HB 111 -SJ 00708; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/HB 111 (Ch. 2007-44) -SJ 00708
    Location:

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    626.84201 Nonresident title insurance agents.
    626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined.
    627.7711 Definitions.
    627.780 Illegal dealings in risk premium.
    627.782 Adoption of rates.
    627.783 Rate deviation.
    627.7845 Determination of insurability required; preservation of evidence of title search and examination.
    701.04 Cancellation of mortgages, liens, and judgments.
    701.041 Title insurer; mortgage release certificate.

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  • CS/HB 111, Engrossed 1 Posted 4/24/2007 at 5:26 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Votes (1)

    Date Chamber Result
    5/1/2007 11:01 AM Senate 39 Yeas - 0 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    626.84201 Nonresident title insurance agents.
    626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined.
    627.7711 Definitions.
    627.780 Illegal dealings in risk premium.
    627.782 Adoption of rates.
    627.783 Rate deviation.
    627.7845 Determination of insurability required; preservation of evidence of title search and examination.
    701.04 Cancellation of mortgages, liens, and judgments.
    701.041 Title insurer; mortgage release certificate.

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  • CS/HB 111, Committee Substitute 1 Posted 4/17/2007 at 3:53 PM

    Bill Text:   Web Page | PDF
    Analyses:   Jobs & Entrepreneurship Council (Post-Meeting) (pdf)

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    901797 - Amendment
    Galvano 4/20/2007
    1:21 PM
    Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    4/24/2007 3:16 PM House 109 Yeas - 0 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    626.84201 Nonresident title insurance agents.
    626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined.
    627.7711 Definitions.
    627.780 Illegal dealings in risk premium.
    627.782 Adoption of rates.
    627.783 Rate deviation.
    627.7845 Determination of insurability required; preservation of evidence of title search and examination.
    701.04 Cancellation of mortgages, liens, and judgments.
    701.041 Title insurer; mortgage release certificate.

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  • HB 111, Original Filed Version Posted 1/8/2007 at 11:05 AM

    Bill Text:   Web Page | PDF
    Analyses:   Committee on Insurance (Post-Meeting) (pdf)
    Committee on Insurance (Post-Meeting) (pdf)
    Jobs & Entrepreneurship Council (Post-Meeting) (pdf)

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    626.84201 Nonresident title insurance agents.
    626.9541 Unfair methods of competition and unfair or deceptive acts or practices defined.
    627.7711 Definitions.
    627.780 Illegal dealings in risk premium.
    627.782 Adoption of rates.
    627.783 Rate deviation.
    627.7845 Determination of insurability required; preservation of evidence of title search and examination.

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