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Title 26 Insurance Code

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Change 1

What to do with it
As published

26-23-328. Form filing.

(a) A title insurer shall file with the commissioner any forms it proposes to use in this state, including: (i) Title insurance policies, including standard form endorsements; (ii) "Preliminary reports", "commitments", "binders" or any other reports issued prior to the issuance of a title insurance policy. (b) If the commissioner finds in his review of a filing that it does not violate W.S. 26-23-329, he shall approve the form within thirty (30) days of filing. Prior to such approval, the commissioner may conduct public hearings with respect to the filing. Filings that the commissioner has failed to approve or disapprove within thirty (30) days of filing are deemed approved. Upon notice to the title insurer, the period for review of a form filing may be extended for an additional thirty (30) days. If, within the waiting period or extension thereof, the commissioner finds that the filing does violate W.S. 26-23-329, he shall give written notice of disapproval of the filing to the insurer or rating organization which made the filing, specifying therein in what specific respects he finds the filing violates W.S. 26-23-329 and stating that the filing shall not become effective. (c) A title insurer need not file reinsurance contracts and agreements. (d) No title insurer may issue, directly or through a title agent, any policy after May 27, 1983, unless the policy form has been approved pursuant to this section. The commissioner may provide by regulation for interim use of forms in effect prior to May 27, 1983.

Your change, as a redline

26-23-328. Form filing.

(a) A title insurer shall file with the commissioner any forms it proposes to use in this state, including: (i) Title insurance policies, including standard form endorsements; (ii) "Preliminary reports", "commitments", "binders" or any other reports issued prior to the issuance of a title insurance policy. (b) If the commissioner finds in his review of a filing that it does not violate W.S. 26-23-329, he shall approve the form within thirty (30) days of filing. Prior to such approval, the commissioner may conduct public hearings with respect to the filing. Filings that the commissioner has failed to approve or disapprove within thirty (30) days of filing are deemed approved. Upon notice to the title insurer, the period for review of a form filing may be extended for an additional thirty (30) days. If, within the waiting period or extension thereof, the commissioner finds that the filing does violate W.S. 26-23-329, he shall give written notice of disapproval of the filing to the insurer or rating organization which made the filing, specifying therein in what specific respects he finds the filing violates W.S. 26-23-329 and stating that the filing shall not become effective. (c) A title insurer need not file reinsurance contracts and agreements. (d) No title insurer may issue, directly or through a title agent, any policy after May 27, 1983, unless the policy form has been approved pursuant to this section. The commissioner may provide by regulation for interim use of forms in effect prior to May 27, 1983.

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