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Senate Bill 0349


 

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Senate Bill 0349

ARCHIVE (2006)

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DIGEST OF SB349 (Updated March 2, 2006 12:16 pm - DI 84)

Insurance. Requires a foreign or alien insurance company that provides certain surety bonds to appoint the commissioner of the department of insurance as the company's agent for service of process in certain actions. Specifies requirements for the conduct of a title insurance agent or title agency, including licensure, continuing education, placement of title insurance business, record keeping, reporting, and management and use of funds. Establishes the title insurance enforcement fund. Requires the department of insurance to establish a title insurance enforcement unit to enforce title insurance law. Allows certain members of the political subdivision catastrophic liability fund (fund) to withdraw from membership and receive a rebate of prior assessments. Provides for a release from liability for the withdrawing member and the fund.
    Current Status:
     Special Order of Business
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