Title insurance; schedule of risk rates, policy rates.

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. 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.