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Legislative Year: 2018 Change
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Bill Detail: SB18-125

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Title Title Insurance Entity Fiduciary Duties
Status Governor Signed (03/29/2018)
Bill Subjects
  • Health Care & Health Insurance
  • Insurance
House Sponsors P. Lee (D)
Senate Sponsors R. Gardner (R)
D. Kagan (D)
House Committee Business Affairs & Labor
Senate Committee Business, Labor and Technology
Date Introduced 01/29/2018
Description

The bill requires title insurance companies, title insurance agents,
and their agents and affiliates to hold funds belonging to others in a
fiduciary capacity. Fiduciary funds means all funds received in
conjunction with real estate closing and settlement services. The
commissioner of insurance ...
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