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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 79(R)

House Bill 885

House Author:  Seaman

Effective:  9-1-05

Senate Sponsor:  Brimer


            House Bill 885 amends the Insurance Code to set the amount of the statutory premium reserve for a domestic title insurance company at 18.5 cents per $1,000 of net retained liability for the most recent calendar year, beginning in 2005.  The bill authorizes the insurance commissioner, based on an actuarial review, to change by order the amount of that reserve.