House Bill 1224
Enrolled House Bill (H)
Authored by
Co-Authored by
Sponsored by
DIGEST
Title insurance. Requires the department of insurance (department) to create a title insurance consumer comparison tool (tool). Provides: (1) that the filed rates of all insurers that issue title insurance policies in Indiana will be included on the tool; (2) that the information on the tool shall be designed to allow an average consumer of ordinary intelligence to compare and differentiate between substantially similar title insurance rates offered by title insurers; (3) that the tool must be made available to the public free of charge on the department's Internet web site by September 1, 2014; and (4) that, after that
Title insurance. Requires the department of insurance (department) to create a title insurance consumer comparison tool (tool). Provides: (1) that the filed rates of all insurers that issue title insurance policies in Indiana will be included on the tool; (2) that the information on the tool shall be designed to allow an average consumer of ordinary intelligence to compare and differentiate between substantially similar title insurance rates offered by title insurers; (3) that the tool must be made available to the public free of charge on the department's Internet web site by September 1, 2014; and (4) that, after that
date, when an insurer makes a new, approved filing, the department shall make the insurer's rates available on the tool not more than 10 business days after the insurer's application is stamped "filed" by the department.
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