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FL H0961

Bill

Status

Failed

3/9/2012

Primary Sponsor

Kenneth Roberson

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Creates section 627.7832, Florida Statutes, establishing claims payment requirements for title insurers
  • Title insurers have the right to cure claims but must tender full policy limits payment or cover all additional insured costs (including attorney fees) after 90 days without a cure
  • Applies to all title insurance claims filed on or after July 1, 2012
  • Takes effect July 1, 2012

Legislative Description

Title Insurance Claims

Last Action

Died in Insurance and Banking Subcommittee

3/9/2012

Committee Referrals

Insurance And Banking Subcommittee12/21/2011

Full Bill Text

No bill text available