|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to insurance|
|Feb 25, 2011||referred to insurance|
senate Bill S3571
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3571 - Details
S3571 - Summary
Authorizes superintendent of insurance to conduct study and make recommendations on title insurance premium rates in NYS.
S3571 - Sponsor Memo
BILL NUMBER:S3571 TITLE OF BILL: An act in relation to directing the superintendent of insurance to conduct a study and issue a report regarding title insurance premium rates PURPOSE OR GENERAL IDEA OF BILL: It authorizes the state superintendent of insurance to conduct a study and make recommendations on title insurance premium rates in New York State. SUMMARY OF SPECIFIC PROVISIONS: Section 1.1: The superintendent of insurance is hereby authorized and directed to conduct a comprehensive study on title insurance programs.The workers' compensation law is amended to add a new subdivision 6. Section 1.2: Within a year of the effective date of the act the superintendent shall issue a report to the governor and the legislature that shall include but not be limited to a.) an analysis of title insurance premiums in New York State; b.) steps that can be taken to reduce such rates; and c.) what service charges are
S3571 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3571 2011-2012 Regular Sessions I N S E N A T E February 25, 2011 ___________ Introduced by Sen. ADAMS -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT in relation to directing the superintendent of insurance to conduct a study and issue a report regarding title insurance premium rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. The superintendent of insurance is hereby authorized and directed to conduct a comprehensive study on title insurance premium rates. 2. Within one year of the effective date of this act the superinten- dent of insurance shall issue a report to the governor and the legisla- ture. Such study and report shall include but shall not be limited to: a. an analysis of title insurance premium rates in New York state; b. steps that can be taken to reduce such rates; and c. what service charges are regularly added to customers' bills for title services. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05047-01-1
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