SENATE BILL 640

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)