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Glossary of Legislative Terms

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
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
    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

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  • CS/SB 826, Committee Substitute 1 (Current Bill Version) Posted 1/30/2012 at 1:04 PM

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

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 961 Title Insurance Claims Roberson Compare Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee
    Location: In committee/council (INBS)     		Track This Bill

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.7832 Page 1 (pdf)
    627.7844 Page 2 (pdf)
    627.7845 Determination of insurability required; preservation of evidence of title search and examination. Page 3 (pdf)

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  • SB 826, Original Filed Version Posted 11/3/2011 at 1:15 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/17/2012 (pdf)
    Banking and Insurance (Post-Meeting) 1/30/2012 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 961 Title Insurance Claims Roberson Identical Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee
    Location: In committee/council (INBS)     		Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    233862 - Amendment
    Delete lines 12 - 18 and insert:     		Banking and Insurance
    (Bennett)     		1/25/2012
    2:22 PM
    (Late Filed)     		Favorable
    1/26/2012     		Web Page
    PDF
    443100 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Bennett)     		1/17/2012
    2:01 PM     		Withdrawn
    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 (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.7832 Page 1 (pdf)

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