STATE OF NEW YORK
________________________________________________________________________
2016
2011-2012 Regular Sessions
IN ASSEMBLY
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 § 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
