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Assembly Bill A2931

2015-2016 Legislative Session

Authorizes superintendent of financial services to conduct a study and make recommendations on title insurance premium rates in N.Y. state

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Archive: Last Bill Status - In Assembly Committee

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2015-A2931 (ACTIVE) - Details

See Senate Version of this Bill:
S7744
Current Committee:
Assembly Insurance
Law Section:
Insurance
Versions Introduced in Other Legislative Sessions:
2009-2010: A9452, S6289
2011-2012: A2016, S3571
2013-2014: A736, S812
2017-2018: A5456
2019-2020: A4224
2021-2022: A8906
2023-2024: A413
2025-2026: A362

2015-A2931 (ACTIVE) - Summary

Authorizes superintendent of financial services to conduct a study and make recommendations on title insurance premium rates in NYS.

2015-A2931 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2931

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 20, 2015
                               ___________

Introduced by M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. BRENNAN,
  GOTTFRIED,  MAGEE,  PEOPLES-STOKES  --  read  once and referred to the
  Committee on Insurance

AN ACT in relation to directing the superintendent of financial services
  to conduct a study and issue a report regarding title insurance premi-
  um 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  financial services is hereby
authorized and directed to conduct a comprehensive study on title insur-
ance premium rates.
  2. Within one year of the effective date of this act  the  superinten-
dent  of financial services shall issue a report to the governor and the
legislature. Such study and report shall include but shall not be limit-
ed 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.
                                                           LBD07330-01-5

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