CS/CS/SB 570 (2014) -  Title Insurance

General Bill by Judiciary and Banking and Insurance and Galvano
Title Insurance: Specifying that a title insurer is liable for all of its unpaid losses and claims; specifying which state law governs the amount of the reserve when a title insurer transfers its domicile to this state; specifying that only a licensed and appointed agent or agency is authorized to sell title insurance; revising the application requirements for a title insurance agency license; limiting the remedies available for the breach of duty arising from a title insurance contract, etc.
Effective Date: Except as otherwise expressly provided in this act, this act shall take effect July 1, 2014
Last Event: 04/03/14 S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433 on Thursday, April 3, 2014 5:03 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 02/04/14 2:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 12   Nays 0
  • Judiciary
    • On agenda for: 03/11/14 1:30 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 0
  • Commerce and Tourism
    • On agenda for: 03/24/14 4:00 PM
    • Favorable (final action) Votes: Yeas 11   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/HB 321 Subject: Title Insurance Relationship: Similar
Bill #: HB 471 Subject: Insurance Relationship: Compare
Bill #: CS/CS/HB 565 Subject: Insurance Relationship: Compare
Bill #: CS/CS/HB 805 Subject: Title Insurer Reserves Relationship: Compare
Bill #: SB 462 Subject: Title Insurance Rates Relationship: Compare
Bill #: CS/SB 758 Subject: Title Insurer Reserves Relationship: Compare
Bill #: CS/CS/SB 1260 Subject: Insurance Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Commerce and Tourism 3/27/2014 9:15:46 AM
Chamber: Senate Committee: Commerce and Tourism 3/21/2014 4:34:20 PM
Chamber: Senate Committee: Judiciary 3/12/2014 3:30:48 PM
Chamber: Senate Committee: Judiciary 3/10/2014 12:35:30 PM
Chamber: Senate Committee: Banking and Insurance 2/5/2014 1:29:29 PM
Chamber: Senate Committee: Banking and Insurance 1/31/2014 8:58:24 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Laid on Table, companion bill(s) passed, see CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 805 (Ch. 2014-132) -SJ 433 Time: 04/03/2014 - 5:03 PM Member: Committee: Version: c2
Event: S Substituted CS/CS/HB 321 -SJ 433 Time: 04/03/2014 - 5:03 PM Member: Committee: Version: c2
Event: S Amendment(s) adopted (892242) -SJ 433 Time: 04/03/2014 - 5:03 PM Member: Committee: Version: c2
Event: S Read 2nd time -SJ 433 Time: 04/03/2014 - 5:02 PM Member: Committee: Version: c2
Event: S Placed on Special Order Calendar, 04/03/14 Time: 03/27/2014 - 5:26 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading -SJ 317 Time: 03/25/2014 - 2:48 PM Member: Committee: Version: c2
Event: S Favorable by- Commerce and Tourism; YEAS 11 NAYS 0 -SJ 317 Time: 03/24/2014 - 6:08 PM Member: Committee: Commerce and Tourism Version: c2
Event: S On Committee agenda-- Commerce and Tourism, 03/24/14, 4:00 pm, 110 Senate Office Building Time: 03/19/2014 - 4:08 PM Member: Committee: Commerce and Tourism Version: c2
Event: S CS/CS by Judiciary read 1st time -SJ 248 Time: 03/17/2014 - 4:40 PM Member: Committee: Judiciary Version: c2
Event: S Now in Commerce and Tourism Time: 03/17/2014 - 10:49 AM Member: Committee: Commerce and Tourism Version: c2
Event: S Remaining references corrected to Commerce and Tourism -SJ 255 Time: 03/17/2014 - 10:49 AM Member: Committee: Commerce and Tourism Version: c2
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 03/12/2014 - 2:49 PM Member: Committee: Judiciary Version: c2
Event: S CS/CS by- Judiciary; YEAS 8 NAYS 0 -SJ 243 Time: 03/11/2014 - 4:51 PM Member: Committee: Judiciary Version: c1
Event: S On Committee agenda-- Judiciary, 03/11/14, 1:30 pm, 110 Senate Office Building Time: 03/06/2014 - 4:19 PM Member: Committee: Judiciary Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 127 Time: 03/04/2014 - 8:47 PM Member: Committee: Banking and Insurance Version: c1
Event: S Introduced -SJ 47 Time: 03/04/2014 - 8:13 AM Member: Committee: Version: c1
Event: S Now in Judiciary -SJ 139 Time: 02/11/2014 - 8:46 AM Member: Committee: Judiciary Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 02/05/2014 - 2:16 PM Member: Committee: Banking and Insurance Version: c1
Event: S CS by Banking and Insurance; YEAS 12 NAYS 0 -SJ 139 Time: 02/04/2014 - 4:14 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 02/04/14, 2:00 pm, 110 Senate Office Building Time: 01/27/2014 - 10:00 AM Member: Committee: Banking and Insurance Version: __
Event: S Referred to Banking and Insurance; Judiciary -SJ 47 Time: 01/10/2014 - 8:34 AM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 01/02/2014 - 8:25 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.407 CS/CS/HB 321, CS/SB 758, CS/CS/HB 805
624.408 CS/CS/HB 321, CS/SB 758, CS/CS/HB 805
625.041 CS/CS/HB 321, CS/SB 758, CS/CS/HB 805
625.111 CS/CS/HB 321, CS/SB 758, CS/CS/HB 805
626.8412 CS/CS/HB 321
626.8413 CS/CS/HB 321
626.8417 CS/CS/HB 321
626.8418 CS/CS/HB 321
626.8419 CS/CS/HB 321
626.8437 CS/CS/HB 321
627.778 CS/CS/HB 321
627.782 CS/CS/HB 321, SB 462, HB 471, CS/CS/HB 565, CS/CS/SB 1260
627.7845 CS/CS/HB 321