1997 Regular Session

HOUSE BILL 1108

CHAPTER NUMBER: 274 File Code: Insurance - Liability and Miscellaneous
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