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Maryland governor signs premium reserves bill
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Legislative Developments
Wednesday, May 7, 2014
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Maryland Gov. Martin O’Malley signed legislation that alters the formula in accordance with which a title insurer domiciled in the state reduces the reserves applicable to specified contracts of title insurance for purposes of a statutory or unearned premium reserve. It also alters a provision of law relating to a certification that a title insurer is required to file with its annual report.
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