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CA AB2196

Bill

Official Source

Status

Introduced

2/20/2014

Primary Sponsor

Steve Fox

Click for details

Origin

State Assembly

2013-2014 Session

AI Summary

  • Requires title insurance coverage to continue when property is transferred to a trustee of the insured's revocable living trust, provided the insured is a beneficiary with power to revoke the trust

  • Requires title insurance coverage to continue when a trustee transfers property back to the trust's settlor in their individual capacity

  • Applies only to title insurance policies issued on or after January 1, 2015

  • Does not require any state appropriation or create a state-mandated local program

Legislative Description

Title insurance: termination: exemption.

Last Action

In committee: Set, first hearing. Hearing canceled at the request of author.

4/23/2014

Committee Referrals

Insurance3/6/2014

Full Bill Text

No bill text available