CS/CS/HB 1229 (2011) -  Title Insurance

by Economic Affairs Committee and Insurance & Banking Subcommittee and Holder (CO-SPONSORS) Snyder
Provides legislative intent requiring DFS to review regulatory structure of title insurance industry & submit findings & recommendations to Legislature; repeals provision requiring assessments against title insurers; requires rehabilitation plans to provide for specified matters; provides methodology for allocation of funds to pay claims on out-of-state policies; provides procedures & requirements for imposition & payment of assessments; provides methodology for determining assessment amounts; provides exemptions & limitations relating to assessments; authorizes receiver of title insurer in rehabilitation to use assessment proceeds for certain purposes; bars title insurer’s release from rehabilitation until recovery of assessments by contributing title insurers; prohibits release of insurers in rehabilitation & issuance of new policies; provides procedures, requirements, & criteria relating to recovery of assessments through surcharges; specifies surcharges are governmental assets to be separately stated on settlement statement; prohibits insurer from retaining surcharges in excess of assessments; provides for payment of excess surcharges to Insurance Regulatory Trust Fund; provides procedures & requirements relating to foreign title insurers in receivership.
Effective Date: upon becoming a law
Last Event: 05/07/11 S Died in Messages, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226) on Monday, May 9, 2011 3:08 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/29/2011 06:37 PM   Yeas: 116 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 418] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Messages, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226) Time: 05/09/2011 - 3:08 PM Member: Committee: Version: c2
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c2
Event: S In Messages Time: 04/29/2011 - 7:33 PM Member: Committee: Version: c2
Event: H Message sent to senate Time: 04/29/2011 - 7:31 PM Member: Committee: Version: c2
Event: H CS passed; YEAS 116, NAYS 0 Time: 04/29/2011 - 6:37 PM Member: Committee: Version: c2
Event: H Passage on third reading Time: 04/29/2011 - 6:37 PM Member: Committee: Version: c2
Event: H Read 3rd time Time: 04/29/2011 - 6:37 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 04/29/2011 - 6:36 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (4/29/2011) Time: 04/27/2011 - 8:20 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/26/2011 - 7:22 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/26/2011 - 7:22 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/25/2011 - 7:13 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/25/2011 - 3:11 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 04/25/2011 - 3:11 PM Member: Committee: Version: c1
Event: H Reported out of Economic Affairs Committee Time: 04/25/2011 - 3:06 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Favorable with CS by Economic Affairs Committee Time: 04/21/2011 - 2:00 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Added to Economic Affairs Committee agenda Time: 04/19/2011 - 4:24 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Now in Economic Affairs Committee Time: 04/13/2011 - 9:51 AM Member: Committee: Economic Affairs Committee Version: c1
Event: H Reported out of Government Operations Appropriations Subcommittee Time: 04/13/2011 - 9:51 AM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Favorable by Government Operations Appropriations Subcommittee Time: 04/13/2011 - 8:15 AM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Added to Government Operations Appropriations Subcommittee agenda Time: 04/11/2011 - 4:23 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Now in Government Operations Appropriations Subcommittee Time: 04/06/2011 - 12:41 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Referred to Economic Affairs Committee Time: 04/06/2011 - 12:41 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Referred to Government Operations Appropriations Subcommittee Time: 04/06/2011 - 12:41 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 04/05/2011 - 5:17 PM Member: Committee: Version: c1
Event: H CS Filed Time: 04/05/2011 - 11:46 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 04/05/2011 - 11:46 AM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 04/05/2011 - 11:44 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/30/2011 - 2:00 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H PCS added to Insurance & Banking Subcommittee agenda Time: 03/28/2011 - 4:15 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/14/2011 - 11:28 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/14/2011 - 11:28 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 03/14/2011 - 11:28 AM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Rulemaking & Regulation Subcommittee Time: 03/14/2011 - 11:28 AM Member: Committee: Rulemaking & Regulation Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/14/2011 - 11:28 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Filed Time: 03/04/2011 - 11:51 AM Member: Holder Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
627.782 SB 1468
627.7865
631.400
631.401
631.402
701.041

(*) Not the latest version