Bill Text: NY S03571 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 3571 (Prior Session Legislation)

Introduced

Bill Title: Authorizes superintendent of insurance to conduct study and make recommendations on title insurance premium rates in NYS.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO INSURANCE [S03571 Detail]

Download: New_York-2011-S03571-Introduced.html

                           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:
    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