| Last Action | recommitted to Banking & Insurance (H) |
|---|---|
| Title | AN ACT relating to title insurance. |
| Bill Documents |
Current/Final
Introduced |
| Bill Request Number | 853 |
| Sponsors | B. Rowland, J. Greer, A. Simpson |
| Summary of Original Version | Create new sections of Subtitle 9 of KRS Chapter 304 to define terms; require title insurance agents to be licensed by the Department of Insurance; require a title insurance agent to provide a good-faith estimate of the premium upon the issuance of a title insurance commitment for a specified dollar amount; allow the commissioner to promulgate administrative regulations; amend KRS 304.9-030 to include title insurance as a type of insurance for which an agent may receive a qualification; amend KRS 304.22-030 to conform; EFFECTIVE January 1, 2018. |
| Index Headings of Original Version |
Effective Dates, Delayed - Title insurance agents, licensing of, effective January 1, 2018 Insurance - Title insurance agents, licensing of Licensing - Title insurance agents, provide for the licensing of Administrative Regulations and Proceedings - Department of Insurance, licensing of title insurance agents |
| Proposed Amendments | House Floor Amendment 1 |
| 01/07/17 |
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|---|---|
| 02/07/17 |
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| 02/09/17 |
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| 02/10/17 |
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| 02/13/17 |
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| 02/16/17 |
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| 02/17/17 |
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| Amendment | House Floor Amendment 1 |
|---|---|
| Sponsor | R. Rand |
| Summary | Amend original provisions to exclude licensed attorneys from the licensing requirements for title agents. |
| Index Headings |
Effective Dates, Delayed - Title insurance agents, licensing of, effective January 1, 2018 Insurance - Title insurance agents, licensing of Licensing - Title insurance agents, provide for the licensing of Administrative Regulations and Proceedings - Department of Insurance, licensing of title insurance agents |
Last updated: 1/16/2019 3:02 PM (EST)