Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB18-125

Title Insurance Entity Fiduciary Duties

Concerning fiduciary responsibilities of title insurance entities to protect funds held in conjunction with real estate closing settlement services.
Session:
2018 Regular Session
Subject:
Insurance
Bill Summary

Title insurance - fiduciary funds - rule-making authority. The act specifies that a title insurance entity and its affiliates and subsidiaries hold funds belonging to others in a fiduciary capacity. Fiduciary funds include all funds received in conjunction with a real estate closing except for closing and settlement service fees. The commissioner of insurance shall promulgate rules regarding the handling of fiduciary funds.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. B. Gardner, Sen. D. Kagan
Rep. P. Lee

Sponsor

Co-sponsor


Rep. T. Exum, Rep. M. Gray, Rep. J. Singer

COVID-19 Resources
2021 Ballot Information Booklet (Blue Book)
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.