Bill Text: NY S07744 | 2015-2016 | General Assembly | Introduced

---

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

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2016-05-12 - REFERRED TO INSURANCE [S07744 Detail]

Download: New_York-2015-S07744-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          7744
                    IN SENATE
                                      May 12, 2016
                                       ___________
        Introduced  by  Sen.  COMRIE -- 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 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:
     1    Section  1.  1.  The  superintendent  of  financial services is hereby
     2  authorized and directed to conduct a comprehensive study on title insur-
     3  ance premium rates.
     4    2. Within one year of the effective date of this act  the  superinten-
     5  dent  of financial services shall issue a report to the governor and the
     6  legislature. Such study and report shall include but shall not be limit-
     7  ed to:
     8    a. an analysis of title insurance premium rates in New York state;
     9    b. steps that can be taken to reduce such rates; and
    10    c. what service charges are regularly added to  customers'  bills  for
    11  title services.
    12    § 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