SENATE BILL REPORT

SB 6808

BYSenators West and Johnson

Exempting title insurers from certain provisions of the law against unfair practices.

Senate Committee on Financial Institutions & Insurance

Senate Hearing Date(s):February 1, 1990

Senate Staff:Gerard Poliquin (786-7403)

AS OF FEBRUARY 1, 1990

BACKGROUND:

Current law states that no person engaged in the business of insurance shall engage in unfair methods of competition or in unfair or deceptive acts or practices in conducting their business.

SUMMARY:

A new section is added to the Insurance Code which states that it is not an unfair and deceptive act or practice for title insurers and their agents to provide certain information, reproducible from the public record, to real estate agents and brokers.

Appropriation:  none

Revenue:   none

Fiscal Note:    none requested