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Legislation


1998 Regular Session

SENATE BILL 640

CHAPTER NUMBER: 627 File Code: Insurance - Liability and Miscellaneous Crossfiled with: HOUSE BILL 1014
Sponsored By:
Senator Della
Entitled:
Title Insurance - Title Plants

Synopsis:

Requiring a title plant to be allowed as an admitted asset for a title insurer for the purposes of determining the financial condition of the insurer; specifying costs that may and may not be capitalized costs with reference to the valuation of a title plant; imposing a specified restriction on the aggregate carrying value of an investment in a title plant; permitting a title insurer to sell a title plant or specified ownership rights in the title plant; requiring a title plant insurer to comply with investment laws; etc.

History by Legislative Date

Senate Action
2/6
First Reading Finance
2/11
Hearing 3/4 at 1:00 p.m.
3/6

Favorable with Amendments Report by Finance
3/9
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/11
Third Reading Passed (47-0)
4/6
Return Passed
5/21
Signed by the Governor Chapter 627
House Action
3/12
First Reading Economic Matters
3/20
Hearing 3/26 at 1:00 p.m.
4/2
Favorable Report by Economic Matters
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (132-1)
Bill indexed under the following Subjects:
COMPUTERS
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
PRICES -see also- CONSUMER PRICE INDEX
REAL PROPERTY
RECORDS -see also- RCDNGS; LAND RCDS; VITAL RCDS; CRIM BKGD.
TITLES
Bill affects the following Statutes:
Insurance
( 5-101 , 5-104 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 457251/1 (PDF)     Offered on: March 9, 1998   at: 8:35 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 11, 1998: Third Reading Passed (47-0)
House
April 1, 1998: Third Reading Passed (132-1)
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