SB394 — Insurance Companies, Agents, Brokers, Policies - As enacted, requires title insurance agencies that separately represent the buyer and seller in a real estate transaction and agree to an arrangement to share the title insurance premiums, commissions, or other fees paid by the buyer and seller, to provide written notice to the buyer and seller of such sharing arrangement and to receive signed, written acknowledgement from the buyer and seller confirming that they were so notified in writing; makes other related changes. - Amends TCA Title 56, Chapter 35 and Title 66.

SB394 — Insurance Companies, Agents, Brokers, Policies - As enacted, requires title insurance agencies that separately represent the buyer and seller in a real estate transaction and agree to an arrangement to share the title insurance premiums, commissions, or other fees paid by the buyer and seller, to provide written notice to the buyer and seller of such sharing arrangement and to receive signed, written acknowledgement from the buyer and seller confirming that they were so notified in writing; makes other related changes. - Amends TCA Title 56, Chapter 35 and Title 66. · Informed CitizenryThis bill amends Tennessee Code to regulate how title insurance agencies handle fee-sharing and representation in real estate transactions. It requires title insurance agencies that separately repr…Open in Informed Citizenry