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Assembly Bill A10207

2017-2018 Legislative Session

Relates to fees for ancillary or discretionary non-insurance services provided by title insurance agents

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Archive: Last Bill Status - In Assembly Committee

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2017-A10207 (ACTIVE) - Details

See Senate Version of this Bill:
S7901
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2113, Ins L

2017-A10207 (ACTIVE) - Summary

Prohibits the superintendent from establishing fees for ancillary or discretionary non-insurance services provided by title insurance agents.

2017-A10207 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10207
 
                           I N  A S S E M B L Y
 
                              March 26, 2018
                                ___________
 
 Introduced by M. of A. ABBATE -- read once and referred to the Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to fees for ancillary or
   discretionary  non-insurance  services  provided  by  title  insurance
   agents
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 2113 of the insurance law is amended  by  adding  a
 new subsection (i) to read as follows:
   (I)  NOTWITHSTANDING  ANY  PROVISION  OF  LAW TO THE CONTRARY, NOTHING
 CONTAINED HEREIN SHALL AUTHORIZE THE SUPERINTENDENT TO ESTABLISH A SCHE-
 DULE OF FEES FOR ANY ANCILLARY OR DISCRETIONARY  NON-INSURANCE  SERVICES
 PROVIDED BY TITLE INSURANCE AGENTS, INSURERS OR THEIR REPRESENTATIVES.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14784-02-8

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