Assembly Bill A5456

2017-2018 Legislative Session

Authorizes superintendent of financial services to conduct a study and make recommendations on title insurance premium rates in N.Y. state

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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multi-Sponsors

2017-A5456 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance
Versions Introduced in Other Legislative Sessions:
2009-2010: A9452
2011-2012: A2016
2013-2014: A736
2015-2016: A2931
2019-2020: A4224
2021-2022: A8906
2023-2024: A413
2025-2026: A362

2017-A5456 (ACTIVE) - Summary

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

2017-A5456 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5456
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 9, 2017
                                ___________
 
 Introduced  by  M.  of A. WEPRIN -- Multi-Sponsored by -- M. of A. GOTT-
   FRIED, MAGEE, PEOPLES-STOKES -- read once and referred to the  Commit-
   tee 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:
 
   Section 1. 1. The  superintendent  of  financial  services  is  hereby
 authorized and directed to conduct a comprehensive study on title insur-
 ance premium rates.
   2.  Within  one year of the effective date of this act the superinten-
 dent of financial services shall issue a report to the governor and  the
 legislature. Such study and report shall include but shall not be limit-
 ed to:
   a. an analysis of title insurance premium rates in New York state;
   b. steps that can be taken to reduce such rates; and
   c.  what  service  charges are regularly added to customers' bills for
 title services.
   ยง 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00490-01-7

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