House Bill 321 (2014) - The Florida Senate

Home > Session > 2014 > House Bill 321

CS/CS/HB 321: Title Insurance

GENERAL BILL by Government Operations Appropriations Subcommittee ; Insurance and Banking Subcommittee ; Passidomo ; Moraitis ; (CO-INTRODUCERS) Cummings ; Wood

Title Insurance; Revising criteria with respect to liabilities charged against assets in determinations of financial condition; specifying the reserves that certain title insurers must set aside after a certain date; specifying that only a licensed and appointed agent or agency is authorized to sell title insurance; revising the application requirements for a title insurance agency license; limiting the remedies available for the breach of duty arising from a title insurance contract, etc.

Effective Date: 7/1/2014
Last Action: 6/13/2014 - Chapter No. 2014-112, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132)
Bill Text: PDF

View By Bill Version View By Category

Bill History

Date	Chamber	Action
11/15/2013	House	• Filed
12/16/2013	House	• Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 30
1/8/2014	House	• On Committee agenda-- Insurance and Banking Subcommittee, 01/15/14, 8:00 am, Sumner Hall
1/15/2014	House	• CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 154
1/24/2014	House	• Pending review of CS under Rule 7.19(c)
1/28/2014	House	• Now in Government Operations Appropriations Subcommittee -HJ 151
2/4/2014	House	• On Committee agenda-- Government Operations Appropriations Subcommittee, 02/11/14, 1:00 pm, Morris Hall
2/11/2014	House	• CS/CS by Government Operations Appropriations Subcommittee; YEAS 13 NAYS 0 -HJ 156
2/12/2014	House	• Pending review of CS under Rule 7.19(c)
2/13/2014	House	• Now in Regulatory Affairs Committee -HJ 151
3/4/2014	House	• Introduced -HJ 30 • On Committee agenda-- Regulatory Affairs Committee, 03/06/14, 9:30 am, Sumner Hall • CS by Insurance and Banking Subcommittee read 1st time -HJ 139 • CS/CS by Government Operations Appropriations Subcommittee read 1st time -HJ 139
3/6/2014	House	• Favorable by- Regulatory Affairs Committee; YEAS 16 NAYS 0 -HJ 204 • Placed on Calendar -HJ 204
3/28/2014	House	• Placed on Special Order Calendar, 04/01/14
4/1/2014	House	• Read 2nd time -HJ 419 • Amendment(s) adopted (701501) -HJ 421 • Read 3rd time -HJ 421 • CS passed as amended; YEAS 116 NAYS 0 -HJ 422
4/2/2014	Senate	• In Messages • Referred to Banking and Insurance; Judiciary; Commerce and Tourism -SJ 433
4/3/2014	Senate	• Received -SJ 433 • Withdrawn from Banking and Insurance; Judiciary; Commerce and Tourism -SJ 433 • Placed on Calendar, on 2nd reading -SJ 433 • Substituted for CS/CS/SB 570 -SJ 433 • Read 2nd time -SJ 433 • Placed on 3rd reading
4/11/2014	Senate	• Read 3rd time -SJ 487 • CS passed; YEAS 37 NAYS 0 -SJ 487
4/23/2014	House	• Ordered enrolled -HJ 629
6/5/2014		• Signed by Officers and presented to Governor
6/13/2014		• Approved by Governor • Chapter No. 2014-112, companion bill(s) passed, see CS/CS/HB 805 (Ch. 2014-132)

Related Bills

Bill Number	Subject	Filed By	Relationship	Last Action and Location
S 570 (c2)	Title Insurance	Galvano	Similar	Last Action: 4/3/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433 Location: Laid on Table
H 471	Insurance	Boyd	Compare	Last Action: 1/8/2014 H Withdrawn prior to introduction, companion bill(s) passed, see HB 291 (Ch. 2014-111), CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 633 (Ch. 2014-123), CS/HB 785 (Ch. 2014-131), CS/CS/CS/SB 542 (Ch. 2014-80), CS/CS/SB 708 (Ch. 2014-86), CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1344 (Ch. 2014-103), CS/CS/SB 1672 (Ch. 2014-104) -HJ 40 Location: Withdrawn from consideration
H 565 (e1)	Insurance	Santiago	Compare	Last Action: 5/2/2014 S Died in returning Messages, companion bill(s) passed, see HB 291 (Ch. 2014-111), CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 633 (Ch. 2014-123), CS/HB 785 (Ch. 2014-131), CS/CS/CS/SB 542 (Ch. 2014-80), CS/CS/SB 708 (Ch. 2014-86), CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1344 (Ch. 2014-103), CS/CS/SB 1672 (Ch. 2014-104) Location: In returning messages from House
H 805 (er)	Title Insurer Reserves	Moraitis	Compare	Last Action: 6/13/2014 Chapter No. 2014-132, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), HB 5601 (Ch. 2014-38) Location: Became Law
S 462	Title Insurance Rates	Bradley	Compare	Last Action: 5/2/2014 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112) Location: In committee/council (BI)
S 758 (c1)	Title Insurer Reserves	Lee	Compare	Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 938 Location: Laid on Table
S 1260 (c2)	Insurance	Brandes	Compare	Last Action: 5/1/2014 S Laid on Table, companion bill(s) passed, see HB 291 (Ch. 2014-111), CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 633 (Ch. 2014-123), CS/HB 785 (Ch. 2014-131), CS/CS/HB 7005 (Ch. 2014-216), CS/CS/CS/SB 542 (Ch. 2014-80), CS/CS/SB 708 (Ch. 2014-86), CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1344 (Ch. 2014-103), CS/CS/SB 1672 (Ch. 2014-104) -SJ 913 Location: Laid on Table

Version	Posted	Format
H 321 Filed	11/15/2013 4:32 PM	PDF
H 321 c1	1/24/2014 11:43 AM	PDF
H 321 c2	2/12/2014 12:56 PM	PDF
H 321 e1	4/1/2014 5:38 PM	PDF
H 321 er	4/23/2014 5:21 PM	PDF

Committee Amendments

H 321 Filed
Amendment	Sponsor	Filed	Last Committee Action	Format
645775 - Strike All Amendment Remove everything after the enacting clause and insert:	Passidomo	1/14/2014 6:13 PM		PDF

H 321 c1
Amendment	Sponsor	Filed	Last Committee Action	Format
156597 - Amendment Between lines 215 and 216, insert:	Passidomo	2/10/2014 5:01 PM	Adopted without Objection 2/11/2014	PDF

Floor Amendments

H 321 c2
Amendments	Sponsor	Filed	Last Floor Action	Format
701501 - Amendment Between lines 28 and 29, insert:	Moraitis	3/25/2014 4:30 PM	House: Adopted 4/1/2014	PDF

Bill Analyses

Type	Analysis	Author	Posted	Format
Bill Analysis	H 321	Insurance and Banking Subcommittee (Post-Meeting)	6/26/2014 2:39 PM	PDF
Bill Analysis	H 321	Government Operations Appropriations Subcommittee (Post-Meeting)	2/12/2014 12:22 PM	PDF
Bill Analysis	H 321	Regulatory Affairs Committee (Post-Meeting)	3/6/2014 3:36 PM	PDF

Vote	Date	Chamber	Result
H 321 c2	4/1/2014 1:25 PM	House	116 Yeas - 0 Nays
H 321 e1	4/11/2014 10:04 AM	Senate	37 Yeas - 0 Nays

Citations - Statutes (13)

Citation	Catchline	Location in Bill Location In Bill Help
624.407	Surplus required; new insurers.	Page 13 (pdf)
624.408	Surplus required; current insurers.	Page 13 (pdf)
625.041	Liabilities, in general.	Page 2 (pdf)
625.111	Title insurance reserve.	Page 4 (pdf)
626.8412	License and appointments required.	Page 13 (pdf)
626.8413	Title insurance agents; certain names prohibited.	Page 14 (pdf)
626.8417	Title insurance agent licensure; exemptions.	Page 14 (pdf)
626.8418	Application for title insurance agency license.	Page 16 (pdf)
626.8419	Appointment of title insurance agency.	Page 19 (pdf)
626.8437	Grounds for denial, suspension, revocation, or refusal to renew license or appointment.	Page 20 (pdf)
627.778	Limit of risk.	Page 21 (pdf)
627.782	Adoption of rates.	Page 21 (pdf)
627.7845	Determination of insurability required; preservation of evidence of title search and examination.	Page 22 (pdf)

Citations - Constitution (0)

No Constitutional citations.

Citations - Chapter Law (0)

No Chapter Law citations.

The Florida Senate