Bill Text: IN HB1373 | 2011 | Regular Session | Introduced

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Bill Title: Title insurance.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2011-01-18 - First reading: referred to Committee on Judiciary [HB1373 Detail]

Download: Indiana-2011-HB1373-Introduced.html

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Introduced Version

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HOUSE BILL No. 1373

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DIGEST OF INTRODUCED BILL

Citations Affected: IC 34-30-17.5.

Synopsis: Title insurance. Provides that title insurance companies are immune from tort liability arising from negligent misrepresentation.

Effective: July 1, 2011.

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Steuerwald, Foley

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    January 18, 2011, read first time and referred to Committee on Judiciary.

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Introduced

First Regular Session 117th General Assembly (2011)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2010 Regular Session of the General Assembly.

HOUSE BILL No. 1373

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    A BILL FOR AN ACT to amend the Indiana Code concerning civil procedure.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 34-30-17.5; (11)IN1373.1.1. -->     SECTION 1. IC 34-30-17.5 IS ADDED TO THE INDIANA CODE AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]:
     Chapter 17.5. Insurance: Immunity of Title Insurance Companies From Tort Liability for Negligent Misrepresentation
    Sec. 1. This chapter applies to any company described in IC 27-7-3-3.
    Sec. 2. A company described in section 1 of this chapter is not liable in tort for any act or omission that constitutes a negligent misrepresentation.