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Text: HSB00133                          Text: HSB00135
Text: HSB00100 - HSB00199               Text: HSB Index
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House Study Bill 134

Conference Committee Text

PAG LIN
  1  1    Section 1.  Section 515.48, subsection 10, Code 1995, is
  1  2 amended to read as follows:
  1  3    10.  Insure any additional risk not specifically included
  1  4 within any of the foregoing classes, which is a proper subject
  1  5 for insurance, is not prohibited by law or contrary to sound
  1  6 public policy, and which, after public notice and hearing, is
  1  7 specifically approved by the commissioner of insurance, except
  1  8 title insurance or insurance against loss or damage by reason
  1  9 of defective title, encumbrances or otherwise.  When such
  1 10 additional kind of insurance is approved by the commissioner,
  1 11 the commissioner shall designate within which classification
  1 12 of risks provided for in section 515.49 it shall fall.  
  1 13                           EXPLANATION
  1 14    This bill strikes language which excepts title insurance or
  1 15 insurance against loss or damage by reason of defective title,
  1 16 encumbrances or otherwise, from the list of risks which may be
  1 17 insured by a company formed for the purpose of providing
  1 18 insurance.  
  1 19 LSB 2001HC 76
  1 20 mj/sc/14
     
Text: HSB00133                          Text: HSB00135
Text: HSB00100 - HSB00199               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index
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