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Minutes for SB356 - Committee on Insurance
Short Title
Requiring that per diem amounts, expenses and funding for examinations be reasonable and establishing a tiered fee structure for examinations of insurance companies and societies based on gross premiums.
Minutes Content for Mon, Mar 4, 2024
The Chair opened the hearing on SB356. Assistant Revisor Ma gave an overview of the bill and stood for questions. (Attachment7).
Marlee Carpenter, on behalf of the Kansas Association of Property and Casualty Insurance Companies, submitted written only proponent testimony. (Attachment 8).
Eric Turek, Director Government and Public Affairs, Kansas Insurance Department (KID). provided proponent testimony and stood for questions. (Attachment 9) The KID supports the establishment of a new, tiered financial examination fee schedule.
There were no neutrals or opponents present.
The Chair closed the hearing on SB356.
