Title insurance: termination: exemption.
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AB 2196 — Title insurance: termination: exemption.
Last action — From committee without further action.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2013-2014 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Under existing law, a policy of title insurance insures, guarantees, or indemnifies owners of real or personal property, or the holders of liens or encumbrances on that property, or others interested in the property against loss or damage suffered by reason of liens or encumbrances on, or defects in the title to the property, invalidity or unenforceability of any liens or encumbrances on the property, or incorrectness of searches relating to the title to real or personal property. This bill would require that coverage under a policy of title insurance continue to the transferee when title is transferred to a trustee of the insured's revocable living trust of which the insured is a beneficiary with the power to revoke, or, if the trustee of a trust is the insured under the policy, when title is transferred by the trustee to the trust's settlor in his or her individual capacity. The provisions would only apply to policies of title insurance issued on or after January 1, 2015.
Bill Text
What changed in the latest version
1 added · 1 removed1 line(s) added, 1 removed.
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- Introduced 02/20/14 - Introduced Current pdf February 20, 2014
- AB2196 View text html
Action History
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From committee without further action.
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In committee: Set, first hearing. Hearing canceled at the request of author.
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Referred to Com. on INS.
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From printer. May be heard in committee March 23.
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Read first time. To print.
Sponsors
- Fox · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Fox
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does AB 2196 do?
- Under existing law, a policy of title insurance insures, guarantees, or indemnifies owners of real or personal property, or the holders of liens or encumbrances on that property, or others interested in the property against loss or damage suffered by reason of liens or encumbrances on, or defects in the title to the property, invalidity or unenforceability of any liens or encumbrances on the property, or incorrectness of searches relating to the title to real or personal property. This bill would require that coverage under a policy of title insurance continue to the transferee when title is transferred to a trustee of the insured's revocable living trust of which the insured is a beneficiary with the power to revoke, or, if the trustee of a trust is the insured under the policy, when title is transferred by the trustee to the trust's settlor in his or her individual capacity. The provisions would only apply to policies of title insurance issued on or after January 1, 2015.
- Who sponsors AB 2196?
- AB 2196 is sponsored by Fox.
- What is the current status of AB 2196?
- This bill died with 2013-2014 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 2196?
- Track AB 2196 free on One Click Politics — get push/email alerts when it moves.
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