Bill Text: NY A02016 | 2011-2012 | General Assembly | Introduced
Bill Title: Authorizes superintendent of insurance to conduct study and make recommendations on title insurance premium rates in NYS.
Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: (Introduced - Dead) 2012-01-04 - referred to insurance [A02016 Detail]
Download: New_York-2011-A02016-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
2016
2011-2012 Regular Sessions
I N A S S E M B L Y
January 12, 2011
___________
Introduced by M. of A. WEPRIN, JACOBS -- Multi-Sponsored by -- M. of A.
GOTTFRIED, MAGEE, PEOPLES-STOKES, SWEENEY -- read once and referred 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:
1 Section 1. 1. The superintendent of insurance is hereby authorized and
2 directed to conduct a comprehensive study on title insurance premium
3 rates.
4 2. Within one year of the effective date of this act the superinten-
5 dent of insurance shall issue a report to the governor and the legisla-
6 ture. Such study and report shall include but shall not be limited to:
7 a. an analysis of title insurance premium rates in New York state;
8 b. steps that can be taken to reduce such rates; and
9 c. what service charges are regularly added to customers' bills for
10 title services.
11 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
