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The Florida Senate

CS/CS/SB 1404: Title Insurance

GENERAL BILL by Judiciary ; Banking and Insurance ; Altman

Title Insurance; Specifying continuing education requirements for title insurance agents; specifying additional grounds to deny, suspend, revoke, or refuse to renew or continue the license or appointment of a title insurance agent or agency; requiring an attorney serving as a title or real estate settlement agent to deposit and maintain certain funds in a separate trust account and permit the account to be audited by the applicable title insurer, unless prohibited by the rules of The Florida Bar; providing procedures and requirements relating to the approval or disapproval of title insurance forms by the Office of Insurance Regulation, etc.

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

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  • Bill History

    Date Chamber Action
    1/3/2012 Senate • Filed
    1/13/2012 Senate • Referred to Banking and Insurance; Judiciary; Budget -SJ 151
    • Introduced -SJ 151
    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 306
    2/7/2012 Senate • Now in Judiciary -SJ 301
    • On Committee agenda-- Judiciary, 02/09/12, 1:15 pm, 110 Senate Office Building
    2/9/2012 Senate • CS/CS by Judiciary; YEAS 6 NAYS 0 -SJ 500
    2/13/2012 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS/CS by Judiciary read 1st time -SJ 506
    2/14/2012 Senate • Now in Budget -SJ 500
    2/21/2012 Senate • Subreferred to Budget Subcommittee on General Government Appropriations -SJ 534
    • Now in Budget Subcommittee on General Government Appropriations
    2/23/2012 Senate • Recalled from Budget Subcommittee on General Government Appropriations -SJ 674
    • Now in Budget
    • On Committee agenda-- Budget, 02/28/12, 4:30 pm, 412 Knott Building --Not Considered
    2/28/2012 Senate • On Committee agenda-- Budget, 02/29/12, 2:00 pm, 412 Knott Building --Not Considered
    2/29/2012 Senate • On Committee agenda-- Budget, 03/01/12, 2:30 pm, 412 Knott Building
    3/1/2012 Senate • Favorable by- Budget; YEAS 20 NAYS 0 -SJ 805
    3/3/2012 Senate • Placed on Calendar, on 2nd reading -SJ 805
    3/5/2012 Senate • Placed on Special Order Calendar, 03/07/12
    3/7/2012 Senate • Read 2nd time -SJ 939
    • Substituted CS/CS/HB 643 -SJ 939
    • 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

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  • CS/CS/SB 1404, Committee Substitute 2 (Current Bill Version) Posted 2/13/2012 at 10:55 AM

    Bill Text:   Web Page | PDF
    Analyses:   Budget (Pre-Meeting) 2/27/2012 (pdf)
    Budget (Post-Meeting) 3/2/2012 (pdf)

    Related Bills (4)

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

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    685126 - Amendment
    Between lines 112 and 113 insert:
    Budget
    (Bennett)
    3/1/2012
    2:13 PM
    Unfavorable
    3/2/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/1/2012 2:30 PM Budget 20 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/SB 1404, Committee Substitute 1 Posted 1/30/2012 at 10:24 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 2/8/2012 (pdf)
    Judiciary (Post-Meeting) 2/13/2012 (pdf)

    Related Bills (3)

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

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    514586 - Amendment
    Delete lines 41 - 48 and insert:
    Judiciary
    (Flores)
    2/8/2012
    1:28 PM
    Replaced by Committee Substitute
    2/13/2012
    Web Page
    PDF
    153144 - Amendment
    Delete lines 59 - 61 and insert:
    Judiciary
    (Flores)
    2/8/2012
    1:28 PM
    Replaced by Committee Substitute
    2/13/2012
    Web Page
    PDF
    539680 - Amendment
    Delete line 108 and insert:
    Judiciary
    (Flores)
    2/8/2012
    1:28 PM
    Replaced by Committee Substitute
    2/13/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/9/2012 1:15 PM Judiciary 6 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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  • SB 1404, Original Filed Version Posted 1/3/2012 at 2:18 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/25/2012 (pdf)
    Banking and Insurance (Post-Meeting) 1/30/2012 (pdf)

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1406 Public Records/Title Insurance Data/Department of Financial Services Altman Linked 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
    H 643 (c1) Title Insurance Moraitis Compare 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)
    Location: Became Law
    H 645 (c2) Pub. Rec./Title Insurance Data/Office of Insurance Regulation Moraitis Compare Last Action: 5/6/2012 Chapter No. 2012-207, companion bill(s) passed, see CS/CS/HB 643 (Ch. 2012-206)
    Location: Became Law
    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 1694 Title Insurance Agency Licensure Hays Compare Last Action: 3/9/2012 S Died in Banking and Insurance
    Location: In committee/council (BI)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    577578 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Banking and Insurance
    (Negron)
    1/25/2012
    12:15 PM
    Favorable
    1/26/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/26/2012 1:30 PM Banking and Insurance 10 Yeas - 0 Nays

    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 7 (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 11 (pdf)
    627.7985 Page 12 (pdf)
    689.263 Page 13 (pdf)

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