New York A 362: Authorizes superintendent of financial services to conduct a study and make recommendations on title insurance premium rates in New York state

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A00362 Summary:

BILL NOA00362 

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SAME ASNo Same As

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SPONSORWeprin

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COSPNSR

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MLTSPNSR

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

Go to top A00362 Actions:

BILL NOA00362 

&nbsp

01/08/2025referred to insurance

01/07/2026referred to insurance

Go to topA00362 Committee&nbspVotes:

Go to topA00362 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00362 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 362

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. WEPRIN -- read once and referred 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.
 LBD01187-01-5

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