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Legislation


1998 Regular Session

HOUSE BILL 1014

File Code: Insurance - Liability and Miscellaneous Crossfiled with: SENATE BILL 640
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)
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