1996 Regular Session

SENATE BILL 669

File Code: Insurance - Liability and Miscellaneous
Sponsored By:
Senator Collins
Entitled:
Title Insurance Agents - Maximum Commission

Synopsis:

Prohibiting an insurer from paying and a title insurance agent from receiving a commission or other consideration in an amount greater than the amount set by the Insurance Commissioner; requiring the submission of specified data to the Commissioner to be used to set the maximum commission; requiring the Commissioner to hold specified public hearings every 2 years; and establishing specified notice requirements for the hearings.

Legislative History

Senate Action
2/2
First Reading Finance
2/6
Hearing 2/14 at 1:00 p.m.
2/13
Hearing cancelled
Hearing 2/27 at 1:00 p.m.
3/5
Unfavorable Report by Finance
House Action
No Action
Bill indexed under the following Subjects:
AGENTS AND BROKERS
HEARINGS
INSURANCE ADMINISTRATION
INSURANCE-GENERAL
NOTICES
SALARIES AND COMPENSATION
TITLES
Bill affects the following Statute:
Article - 48A Insurance Code
( 242A )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available