HOUSE BILL 1014

Sponsored By:

Delegate Frank

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 insurer to comply with specified investment requirements; etc.

History by Legislative Date

House Action

2/13

First Reading Economic Matters

Hearing 2/24 at 1:00 p.m.

3/10

Favorable with Amendments Report by Economic Matters

3/11

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/13

Third Reading Passed (130-1)

4/2

Return Passed

5/21

Governor vetoed - Cross-filed bill was signed

Senate Action

3/16

First Reading Finance

3/18

Hearing 3/25 at 1:00 p.m.

4/1

Favorable Report by Finance

4/2

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (47-0)

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:

House

Number: 443074/1 (PDF)     Offered on: March 11, 1998   at: 10:26 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 13, 1998: Third Reading Passed (130-1)

Senate

April 6, 1998: Third Reading Passed (47-0)