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Colorado could have new commission overseeing title industry
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Legislative Developments
Friday, March 27, 2015
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Everyone in the title industry knows that it is a small portion of the types of insurance that state regulators must understand and regulate on a daily basis. This can be challenging, as the industry has to work to educate their regulator on what its members do and how it differs from other lines of insurance. Add to that the fact that by the time a relationship has been formed with one insurance commissioner, in many states it’s time to educate a new commissioner. Then of course you must also take into account turnover in the commissioner’s staff as well.
To address these challenges, and looking to similar groups formed to oversee related industries in the state, members of the Colorado title industry crafted SB 15-210, which would create the Title Insurance Commission.
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