SB 25-277: Sunset Title Insurance Commission - Colorado

Revised (04/24/2025) → PA1 (04/10/2025) · 7 edits

MODERATE

The bill was renumbered and marked as a preamended version with committee amendments not yet adopted. The text includes new provisions about commission member appointments, meeting requirements, and public access to meetings and records, along with details about the advisory group's status and compensation rules.

Scope change

The bill's scope remains focused on repealing the Title Insurance Commission and establishing an advisory group, but new operational details about commission governance and meeting transparency were added.

REQUIREMENT

Added provisions requiring commission members to be appointed by the governor when vacancies occur, with members serving at the governor's pleasure.

Established that commission members are not employees and may only receive mileage reimbursement for travel exceeding fifty miles.

Required the commission to meet at least four times per year but no more than eight times per year.

Set a quorum requirement of six members for commission business.

Mandated that all commission meetings be open to the public and records be subject to public inspection requirements.

Stated that advisory group members are not employees and receive no compensation for service.

TECHNICAL

Changed document status from 'Revised' to 'Preamended' with updated sponsorship formatting.

Rerevised (04/25/2025) → Revised (04/24/2025) · 2 edits

MINOR

The bill text was updated from a 'Rerevised' version to a 'Revised' version, indicating it has been amended during the second reading in the Senate. The primary change is the removal of House sponsors from the sponsorship list, suggesting the bill may have been withdrawn or the House sponsorship was not finalized. No substantive policy changes regarding scope, funding, or requirements were identified in this markup.

TECHNICAL

Removed House sponsors (Rydin, Woodrow, Brown, Camacho, Carter, Phillips) from the bill sponsorship list, indicating a change in legislative sponsorship status.

Updated the revision status header from 'REREVISED' to 'REVISED' and adjusted the amendment adoption language to reflect second reading in the Second House.

Final Act (05/02/2025) → Rerevised (04/25/2025) · 5 edits

MODERATE

This bill was revised to remove the Title Insurance Commission entirely and replace it with a Title Insurance Advisory Group that meets twice yearly. The bill now repeals the commission effective September 1, 2025, rather than 2029, and eliminates the sunset review provision for the advisory group. The advisory group composition and meeting requirements were simplified by removing detailed member qualification criteria and quorum rules.

Scope change

The bill's scope changed from maintaining a Title Insurance Commission with a sunset review to completely repealing the commission and retaining only a simplified advisory group.

TIMELINE

The repeal of the Title Insurance Commission was accelerated from September 1, 2029 to September 1, 2025.

The sunset review provision for the Title Insurance Advisory Group was removed, meaning the group will not be subject to automatic review before repeal.

REQUIREMENT

Detailed member qualification requirements for the commission were removed, including specific experience thresholds and asset size requirements.

Quorum requirements and meeting frequency rules for the commission were eliminated.

The advisory group structure was simplified to focus on providing advice to the commissioner without the detailed governance framework previously required for the commission.

Engrossed (04/14/2025) → Reengrossed (04/15/2025) · 4 edits · Apr 15, 2025

MODERATE

The bill was reengrossed to include all amendments adopted in the House of Introduction, updating the official title and sponsorship information. The substantive text regarding commission membership, meetings, and administrative functions remains unchanged from the previous engrossed version.

TECHNICAL

Updated the bill status from 'ENGROSSED' to 'REENGROSSED' to reflect inclusion of all House amendments.

Added 'Kipp' to the Senate sponsorship list, indicating a new co-sponsor.

Added a 3rd Reading Unamended stamp dated April 15, 2025, indicating the bill passed the Senate without further amendments at that stage.

Removed page numbering and formatting artifacts from the previous version that were not part of the substantive bill text.

Introduced (04/04/2025) → Engrossed (04/14/2025) · 6 edits · Apr 15, 2025

MODERATE

The bill was amended to change its primary focus from repealing the Title Insurance Commission to creating and maintaining a Title Insurance Advisory Group until 2029. The changes shift the bill's purpose from eliminating a regulatory body to establishing a new advisory group that meets regularly to provide input on fair competition and consumer protection.

Scope change

The bill's scope changed from repealing an existing regulatory commission to creating a new advisory group with specific membership requirements and meeting obligations.

REQUIREMENT

The bill was modified to require the Commissioner of Insurance to meet with a Title Insurance Advisory Group twice each year, replacing the original intent to repeal the Title Insurance Commission.

Meeting requirements were added, specifying the group must meet no less than four times per year and no more than eight times per year, with six members constituting a quorum.

The original requirement to repeal Part 2 of Article 11 of Title 10 (Title Insurance Commission) was removed and replaced with the creation of the advisory group.

TIMELINE

A sunset review was added requiring the Title Insurance Advisory Group to be repealed in 2029, establishing a specific timeline for the advisory group's existence.

DEFINITION

New definitions were added for the Title Insurance Advisory Group, specifying it is an advisory body to the Commissioner concerning fair competition, consumer protection, and regulatory compliance in title insurance matters.

ELIGIBILITY

New eligibility criteria were added for the nine-member advisory group, including specific qualifications for industry employees, agents, and public members with geographic diversity requirements.

Sunset Title Insurance Commission

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