BILL · 2017–18 SESSION · LATEST VERSION ESB 5629

SB 5629: Title insurance rating orgs.

Creating and establishing the rights and duties for title insurance rating and advisory organizations.

Summary

  • Authorizes and establishes a framework for title insurers to become members of and subscribe to the services of title insurance rating organizations for the purpose of making title insurance form and rate filings with the Office of the Insurance Commissioner (OIC).
  • Provides the OIC with authority and direction to license, examine, and regulate title insurance rating organizations.
  • Authorizes the sharing of aggregate information and experience data between title insurance rating organizations, title insurers, and the OIC's designated statistical reporting agent, subject to restrictions.
  • Establishes that title insurance rates filed by a rating organization become effective only if approved by the OIC after the OIC reviews specified materials and determines the filing complies with title insurance statutes.

From the Engrossed House Bill Report (ESB 5629), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 1, 2017
  2. Out of committeeFeb 16, 2017
  3. Passed SenateMar 1, 2017
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Jan Angel (R-26)
Introduced
February 1, 2017 in the Senate
Last action
January 8, 2018
Companion bill
EHB 1450
Budget
Has a fiscal note

AN ACT Relating to creating and establishing the rights and duties for title insurance rating and advisory organizations;

Sponsors

Prime sponsor: Jan Angel (R-26)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed March 1, 2017
Version voted on: ESB 5629
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican24000
How each member voted

History

  1. Senate Rules "X" file. (ESB 5629)
  2. By resolution, reintroduced and retained in present status. (ESB 5629)
  3. By resolution, reintroduced and retained in present status. (ESB 5629)
  4. By resolution, reintroduced and retained in present status. (ESB 5629)
  5. By resolution, reintroduced and retained in present status. (ESB 5629)
  6. Placed on Rules White Sheet. (ESB 5629)
  7. By resolution, returned to Senate Rules Committee for third reading. (ESB 5629)
  8. Referred to Rules 2 Review. (ESB 5629)
  9. BFS - Majority; do pass. (ESB 5629)
  10. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report). (ESB 5629)
  11. Rules suspended. Placed on Third Reading. (ESB 5629)
  12. Floor amendment(s) adopted. (ESB 5629)
  13. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (ESB 5629)
  14. Placed on second reading by Rules Committee. (ESB 5629)
  15. Passed to Rules Committee for second reading. (ESB 5629)
  16. FI - Majority; do pass. (ESB 5629)
  17. First reading, referred to Financial Institutions & Insurance. (ESB 5629)

SB 5629 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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