House Status:
Senate Status:
Senate Status:
Minutes for HB2714 - Committee on Insurance
Short Title
Reducing the number of appointed board members on certain insurance-related governing boards and the frequency of meetings of the committee on surety bonds and insurance.
Minutes Content for Mon, Feb 12, 2024
The Chair opened the hearing on HB2714, an Act concerning insurance, reducing the number of board members appointed by the commissioner on certain insurance-related governing boards and the frequency of meetings of the committee on surety bonds and insurance, amending certain sections of statute and appealing others.
Assistant Revisor Ma gave a detailed overview of the bill and stood for questions. (Attachment 1)
Proponent testimony was provided by Kyle Stratham, Public Affairs Manager, Kansas Insurance Department. This bill would reduce the size of four boards that the Commissioner appoints the members without diminishing or weakening any particular category of representation. Additionally, this bill would add language, in line with industry standards, that would allow the Commissioner the ability to remove those appointed board members for inefficiency, neglect of duty, or malfeasance. Mr. Stratham stood for questions. (Attachment 2)
Neutral, written only, testimony was provided by Marlee Carpenter, Kansas Association of Property and Casualty Insurance Companies (KAPCIC). (Attachment 3) A brief discussion and answer period followed.
There were no opponents present.
The Chair closed the hearing on HB2714.
