HOUSE BILL 1108

Sponsored By:

Delegate Frank

Entitled:

Title Insurers - Reserves

Synopsis:

Requiring insurers to alter the amount of unearned premium reserves if it is inadequate; altering the formula used by title insurers to calculate reserves applicable to title insurance contracts; requiring that specified reserves be recalculated in accordance with the altered formula; requiring title insurers to file an actuarial certification in a specified manner; making a specified technical correction; and generally relating to reserves of title insurers.

Legislative History

House Action

2/6

First Reading Economic Matters

2/12

Hearing 3/5 at 1:00 p.m.

3/12

Favorable with Amendments Report by Economic Matters

3/13

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/17

Third Reading Passed (135-0)

3/31

House Concur - Senate Amendments

Third Reading Passed (134-0)

Passed Enrolled

4/29

Signed by the Governor Chapter 274

Senate Action

3/18

First Reading Finance

3/19

Hearing 3/26 at 1:00 p.m.

3/31

Favorable with Amendments Report by Finance

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/2

Third Reading Passed with Amendments (46-0)

Bill indexed under the following Subjects:

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

TITLES

Bill affects the following Statutes:

Insurance

( 5-202 , 5-206 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled (PDF)

Fiscal Note: Available (PDF)

Amendments:

House

Number: 293667/1 (PDF) Offered on: MARCH 13, 1997 at: 10:24 Status: Adopted

Senate

Number: 297140/1 (PDF) Offered on: MARCH 31, 1997 at: 21:20 Status: Adopted