CO SB277

Repeals the nine-member Title Insurance Commission, which had governor-appointed members serving four-year terms and was required to meet four to eight times annually

Creates a replacement Title Insurance Advisory Group consisting of title insurance industry representatives who will meet with the Commissioner of Insurance twice per year

Advisory group meetings must be open to the public, with any member of the public permitted to participate; members receive no compensation

Commissioner must hold meetings by January 31 and between June 1-August 1 each year, and must respond in writing to formal proposals from the advisory group

Advisory group is scheduled for sunset review and automatic repeal on September 1, 2029