2009 Regular Session

SENATE BILL 86

CHAPTER NUMBER: 361
File Code: Insurance - Other than Health
Sponsored By:
Chair, Finance Committee (By Request - Departmental - Insurance Administration, Maryland)
Entitled:
Title Insurance Producers - Regulation and Requirements

Synopsis:

Specifying that, with exceptions, only a licensed title insurance producer may exercise control over trust money; increasing the amount of the fidelity bond and the surety bond or letter of credit that specified applicants for a title insurance producer's license must file with the Maryland Insurance Commissioner; requiring the Commission to Study the Title Insurance Industry in Maryland to examine the adequacy of a specified blanket surety bond or letter of credit and to make a specified determination; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
9/30
Pre-filed
1/14
First Reading Finance
1/21
Hearing 2/3 at 2:00 p.m.
3/3
Favorable with Amendments Report by Finance
3/4
Favorable with Amendments
Laid Over (Senator Harris) Adopted
3/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/9
Third Reading Passed (43-0)
4/10
Senate Concur - House Amendment
Third Reading Passed (39-0)
Passed Enrolled
House Action
3/10
First Reading Economic Matters
3/17
Hearing 3/26 at 1:00 p.m.
4/11
Favorable with Amendments Report by Economic Matters
4/6
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/8
Special Order next session (Delegate Sophocleus) Adopted
4/9
Floor Amendment (Delegate Sophocleus) Rejected
Third Reading Passed with Amendments (86-43)
Action after passage in Senate and House
5/7
Approved by the Governor
- Chapter 361

Sponsored by:

Finance Committee, Chair
Departmental
Insurance Administration, Maryland

Bill indexed under the following Subjects:

Agents and Brokers
Bonds -see also- County & Baltimore City Bonds; State Bonds.
Committees and Commissions -see also- Political Committees
Escrow Accounts
Insurance Administration
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses
Rules and Regulations
Titles

Bill affects the following Statutes:

Insurance
( 10-121 , 10-121 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 477173/01     Offered on: March 5, 2009   at: 10:28 a.m.     Status: Adopted
House
Number: 553822/01     Offered on: April 13, 2009   at: 5:26 p.m.     Status: Rejected
Number: 863092/01     Offered on: April 11, 2009   at: 12:21 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 9, 2009: Third Reading Passed (43-0)
April 10, 2009: Third Reading Passed (39-0)
House
April 9, 2009: Third Reading Passed (86-43)