SB622
Title insurance; schedule of risk rates, policy rates.
Status:
Killed
Latest Action:
March 2, 2026
House: Tabled in Courts of Justice (14-Y 4-N)
Chief Patron:
Dave Marsden (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Title insurance; schedule of risk rates.
Requires each title insurance company to publish its schedule of risk rates, including policies, endorsements, closing protection letter fees, any rate classifications or groupings, and any modifications or amendments. The bill prohibits a title insurance company or a title insurance agency or agent from charging a policy rate for a ... (More) title insurance policy that exceeds those set forth in the title insurance company's published schedule of policy rates, with certain exceptions. Notwithstanding such prohibition, the bill permits a title insurance company or its agent to charge policy rates that it negotiates on policies insuring an owner-occupied primary residence in which a natural person or estate planning entity is in title. (Less)-
Bill History
- 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26104036D
- 01/14/2026 - Senate: Referred to Committee on Commerce and Labor
- 01/26/2026 - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 01/26/2026 - Senate: Senate committee offered
- 01/27/2026 - Senate: Committee substitute printed 26106256D-S1
- 01/28/2026 - Senate: Rules suspended
- 01/28/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- 01/28/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 01/28/2026 - Senate: Passed by for the day
- 01/29/2026 - Senate: Read second time
- 01/29/2026 - Senate: Commerce and Labor Substitute agreed to
- 01/29/2026 - Senate: Engrossed by Senate (Voice Vote)
- 01/29/2026 - Senate: Engrossed by Senate - committee substitute
- 01/30/2026 - Senate: Read third time and passed Senate
- 02/03/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB622)
- 02/04/2026 - House: Placed on Calendar
- 02/04/2026 - House: Read first time
- 02/04/2026 - House: Referred to Committee on Labor and Commerce
- 02/17/2026 - House: Assigned HCL sub: Subcommittee #1
- 02/23/2026 - House: Placed on Labor and Commerce Agenda
- 02/24/2026 - House: Subcommittee recommends referring to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
- 02/25/2026 - House: Placed on Labor and Commerce Agenda
- 02/26/2026 - House: Referred from Labor and Commerce and referred to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
- 02/26/2026 - House: Referred to Committee for Courts of Justice
- 02/27/2026 - House: Placed on Courts of Justice Agenda
- 03/02/2026 - House: Tabled in Courts of Justice (14-Y 4-N)
