Bill Summary

HB 695 Title Insurance (2016 Session)
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Sponsors
by Boyd  CS Sponsors: Regulatory Affairs Committee
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Summary
Title Insurance: Revises reserves that certain title insurers must set aside after certain date; revises manner in which reserves must be released; revises reserve requirements for title insurer who transfers domicile to this state; requires calculation of adjusted statutory premium reserve; requires increases to statutory premium reserves under certain circumstances; authorizes release of reserves to surplus in certain circumstances. Effective Date: July 1, 2016
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committees of reference
   H Insurance & Banking Subcommittee
   H Regulatory Affairs Committee
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Actions
11/17/15
HOUSE 
Filed
11/23/15
HOUSE 
Referred to Insurance & Banking Subcommittee; Regulatory Affairs Committee
11/23/15
HOUSE 
Now in Insurance & Banking Subcommittee
11/24/15
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 12/02/15, 11:30 am, 404 H
12/02/15
HOUSE 
Favorable by Insurance & Banking Subcommittee; 9 Yeas, 0 Nays
12/04/15
HOUSE 
Now in Regulatory Affairs Committee
01/12/16
HOUSE 
On Committee agenda - Regulatory Affairs Committee, 01/14/16, 8:00 am, 404 H
01/14/16
HOUSE 
Temporarily Postponed by Regulatory Affairs Committee
01/19/16
HOUSE 
On Committee agenda - Regulatory Affairs Committee, 01/21/16, 11:30 am, 404 H
01/21/16
HOUSE 
Favorable with CS by Regulatory Affairs Committee; 16 Yeas, 0 Nays
01/25/16
HOUSE 
Committee Substitute Text (C1) Filed
01/26/16
HOUSE 
Placed on Calendar, on 2nd reading
01/29/16
HOUSE 
Placed on Special Order Calendar, 02/02/16
02/02/16
HOUSE 
Read Second Time; Placed on Third Reading, 02/03/16
02/03/16
HOUSE 
Read Third Time; Passed (Vote: 119 Yeas / 0 Nays)
02/10/16
SENATE
In Messages
02/10/16
SENATE
Referred to Banking and Insurance; Commerce and Tourism; Fiscal Policy
02/24/16
SENATE
Withdrawn from Banking and Insurance; Commerce and Tourism; Fiscal Policy; Placed on Calendar, on 2nd reading; Substituted for SB 0940; Read Second Time; Placed on Third Reading, 03/02/16
03/02/16
SENATE
Read Third Time; Passed (Vote: 37 Yeas / 0 Nays)
03/02/16
HOUSE 
Ordered enrolled
03/02/16
HOUSE 
Enrolled Text (ER) Filed
03/03/16
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Signed by Officers and presented to Governor (Governor has until 03/10/16 to act on this bill)
03/10/16
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Approved by Governor, Chapter No. 2016-57
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bill text & filed amendments
0695
Filed on 11/17/15
PDF
Amendment 501685
Raburn
Filed on 01/13/16
Withdrawn
PDF
Amendment 706901 DE
Boyd
Filed on 01/20/16
Adopted
PDF
0695C1
Filed on 01/25/16
PDF
No amendments to this bill text filed.
0695ER
Filed on 03/02/16
PDF
No amendments to this bill text filed.
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Statute Citations
625.111
Research & Reports
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