Gov't Affairs Blog

Gov Scott Signs Insurer Insolvency Bill

06/27/2011 5:15 PM | Anonymous
This morning Governor Scott signed HB 1007 into law.   This bill includes the provisions which we expect will avoid the need to terminate the outstanding title insurance policies issued by a failed insurer.   Instead it creates a mechanism by which the those policies will be assumed by another underwriter and paid for, over time, with a per policy consumer assessment. 

More information on that will be forthcoming from your underwriters. 
 
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