SB210 Alabama 2011 Session

Updated Jul 26, 2021

SB210 Alabama 2011 Session

Senate Bill

In Committee

Current Status

Regular Session 2011

Session

1

Sponsor

Summary

Primary Sponsor: J.T. Waggoner Senator
Republican
Session: Regular Session 2011
Title: Title insurers, closing or settlement insurance for settlement agents, issuance authorized, Sec. 27-3-6.1 added
Description: Under existing law, title insurers are prohibited from transacting any other form of insurance.
This bill would permit title insurers to issue closing or settlement protection; would require closing or settlement protection forms to be approved by the Commissioner of Insurance; would specify the fees that may be charged for issuing closing or settlement protection; and would require notice to real estate purchasers of the availability of closing or settlement protection.
Subjects: Insurance

Bill Actions

Indefinitely Postponed

Reported from Banking and Insurance as Favorable

Read for the first time and referred to the Senate committee on Banking and Insurance

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) SB210 Alabama 2011 Session - Introduced

Source: Alabama Legislature