Title Insurance – Insurers and Insurance Producers – Requirements
Sponsor: Chair, Finance CommitteeCommittee: FinanceSubject: Insurance - Other than HealthStatus: Hearing 1/19 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Altering certain requirements on title insurers relating to the review of underwriting, claims, and escrow practices and policy-issuing processes of title insurance producers appointed by the title insurers; and altering the manner by which title insurance producers are required to send a certain notice to the Maryland Insurance Commissioner and any insurer with whom the title insurance producer holds an appointment.
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Testimony (4)
MGA witness listFAV 3FavorableFWA 1Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Boone, Kory | MIA | Oral |
| FAV | Birrane, Kathleen | Maryland Insurance Administration | Oral + Written (PDF) |
| FAV | Chair, Finance Committee, Chair, Finance Committee | Individual | Oral |
| FWA | O'Connell, William | MSBA Real Property Section Counsel | Oral + Written (PDF) |