SB 166 - Goodman, Jack
Requires title agencies and title agents to maintain a physical place of business in Missouri as a condition of licensure
Bill Details
Sponsor
LR Number
0280S.03P
Title
SCS SB 166
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2011
Committee
Current Status
Hearing Conducted H Insurance Policy Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 166 - This act imposes additional requirements for obtaining and maintaining a title insurance license. Under current law, it is unlawful for a title agencies or title agents to transact title insurance business unless they are licensed under Missouri law. As a condition of licensing, this act requires title agencies and title agents to maintain a physical place of business within Missouri substantially devoted to the conduct of the title insurance business, or in the case of title agents, be employed by title insurers licensed in Missouri.
STEPHEN WITTE