HB 125, 52nd R.S.
Relating to amending certain acts so as to increase the total maximum reserve of Title Insurance Companies for protection of policy holders from $100,000.00 to $500,000.00; requiring such reserve fund to be kept on deposit with the State Treasury or other depository approved by the Board of Insurance Commissioners; providing for the substitution of securities; providing for disposition of such reserve funds; impressing reserve fund with a trust; authorizing application of deposits on current title policy losses.
Author: Lamar A. Zivley
Subjects:
Insurance--General
Insurance--Insurers & Agents
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