2010 Regular Session

SENATE BILL 900

CHAPTER NUMBER: 634
File Code: Insurance - Other than Health
Sponsored By:
Senators Astle, Della, Exum, Garagiola, Glassman, Kelley, Kittleman, Klausmeier, Middleton, Pipkin, and Pugh
Entitled:
Title Insurers - Required Reserves, Capital Stock, and Surplus

Synopsis:

Requiring a title insurer domiciled in the State to have and maintain a specified paid-in capital stock with a fixed nominal or par value in a specified amount as of specified dates; altering a specified percentage of risk premiums for title insurance that specified title insurers must originally assign to specified reserves; altering the dates as of which specified reserves shall be calculated in a specified manner; altering the portions and timing of release of specified excess reserves; 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
2/15
First Reading Senate Rules
2/19
Re-referred Finance
2/24
Hearing 3/16 at 1:00 p.m.
3/25
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Floor Committee Amendment (Finance) Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (44-0)
4/10
Returned Passed
House Action
3/23
First Reading Economic Matters
3/31
Hearing 4/6 at 1:00 p.m.
4/12
Favorable Report by Economic Matters
4/8
Favorable Report Adopted
Second Reading Passed
Motion Rules Suspended two readings same day (Delegate Davis) Adopted (131-1)
Third Reading Passed (132-2)
Action after passage in Senate and House
5/20
Approved by the Governor
- Chapter 634

Sponsored by:

Senator John C. Astle, District 30
Senator George W. Della, Jr., District 46
Senator Nathaniel Exum, District 24
Senator Rob Garagiola, District 15
Senator Barry Glassman, District 35
Senator Delores G. Kelley, District 10
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Thomas M. Middleton, District 28
Senator E. J. Pipkin, District 36
Senator Catherine E. Pugh, District 40

Bill indexed under the following Subjects:

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Real Property
Securities
Titles

Bill affects the following Statutes:

Insurance
( 4-104.1 , 4-105.1 , 5-206 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 117375/01     Offered on: March 25, 2010   at: 11:30 a.m.     Status: Adopted
Number: 527679/01     Offered on: March 25, 2010   at: 11:33 a.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2010: Third Reading Passed (44-0)
House
April 8, 2010: Motion Rules Suspended two readings same day (Davis D) Adopted (131-1)
April 8, 2010: Third Reading Passed (132-2)