S07744 Summary:
BILL NO | S07744 |
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SAME AS | SAME AS A02931 |
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SPONSOR | COMRIE |
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COSPNSR | HAMILTON, PANEPINTO, PARKER |
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MLTSPNSR | |
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Authorizes superintendent of financial services to conduct a study and make recommendations on title insurance premium rates in NYS. |
S07744 Actions:
BILL NO | S07744 | |||||||||||||||||||||||||||||||||||||||||||||||||
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05/12/2016 | REFERRED TO INSURANCE |
S07744 Committee Votes:
Go to topS07744 Floor Votes:
There are no votes for this bill in this legislative session.
Go to topS07744 Text:
Go to top 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