IN SB0410

Establishes requirements for title insurance form and rate filings with the Indiana Department of Insurance, requiring companies to file policy forms at least 30 days before issuance or upon earlier approval.

Creates a new licensing system for title insurance rating bureaus, allowing them to file forms and rates on behalf of member insurers; rating bureaus must be licensed, competent, and trustworthy, with a $200 licensing fee valid for three years.

Sets standards for title insurance rates requiring they not be excessive, inadequate, or unfairly discriminatory, considering factors such as loss experience, expenses, profit margins, and dividends or unabsorbed premiums.

Grants the Insurance Commissioner authority to review filings, disapprove non-compliant rates after hearing, and oversee rating bureaus and advisory organizations through examination, licensing, and enforcement powers.

Allows individual insurers to deviate from rating bureau filings with commissioner approval, permits insureds to request rate information and reviews, and establishes procedures for appeals of rating bureau actions.