Bill Text: NY S07901 | 2017-2018 | General Assembly | Introduced

New York Senate Bill 7901 (Prior Session Legislation)

Introduced

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

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Engrossed - Dead) 2018-06-20 - referred to insurance [S07901 Detail]

Download: New_York-2017-S07901-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7901
                    IN SENATE
                                      March 7, 2018
                                       ___________
        Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
          printed to be committed 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:
     1    Section  1.  Section  2113 of the insurance law is amended by adding a
     2  new subsection (i) to read as follows:
     3    (i) Notwithstanding any provision of  law  to  the  contrary,  nothing
     4  contained herein shall authorize the superintendent to establish a sche-
     5  dule  of  fees for any ancillary or discretionary non-insurance services
     6  provided by title insurance agents, insurers or their representatives.
     7    § 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