VirginiaTitle insurance; schedule of risk rates, policy rates.
What it does
Title insurance; schedule of risk rates. Requires each title insurance company to publish its schedule of risk rates, including policies, endorsements, closing protection letter fees, any rate classifications or groupings, and any modifications or amendments. The bill prohibits a title insurance company or a title insurance agency or agent from charging a policy rate for a title insurance policy that exceeds those set forth in the title insurance company's published schedule of policy rates, with certain exceptions.
More detail
Notwithstanding such prohibition, the bill permits a title insurance company or its agent to charge policy rates that it negotiates on policies insuring an owner-occupied primary residence in which a natural person or estate planning entity is in title.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 2Tabled in Courts of Justice (14-Y 4-N)Latest
- Vote recorded Tabled in Courts of Justice. Result: pass.Lower
- Feb 26Referred from Labor and Commerce and referred to Courts of Justice and rereferred to Courts of Justice (Voice Vote)Minor
- Feb 24Subcommittee recommends referring to Courts of Justice and rereferred to Courts of Justice (Voice Vote)
- Feb 17Assigned HCL sub: Subcommittee #1Minor
- Feb 4Referred to Committee on Labor and CommerceMinor
- Feb 4Read first timeMinor
- Feb 4Placed on Calendar
- Feb 3Fiscal Impact Statement from State Corporation Commission (SB622)
- Jan 30Read third time and passed SenatePassed Senate
- Vote recorded Passage R. Result: pass.Upper
- Jan 29Engrossed by Senate - committee substituteMajor
- Jan 29Engrossed by Senate (Voice Vote)
- Jan 29Commerce and Labor Substitute agreed to
- Jan 29Read second timeMinor
- Jan 28Passed by for the day
- Vote recorded Constitutional reading dispensed R. Result: pass.Upper
- Jan 28Passed by for the day Block Vote (Voice Vote)
- Jan 28Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- Jan 28Rules suspended
- Jan 27Committee substitute printed 26106256D-S1Major
- Jan 26Senate committee offered
- Vote recorded Reported from Commerce and Labor with substitute. Result: pass.Upper
- Jan 26Reported from Commerce and Labor with substitute (15-Y 0-N)Minor
- Jan 14Referred to Committee on Commerce and LaborMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26104036DIntroduced
- Mar 2Tabled in Courts of Justice (14-Y 4-N)Latest