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Minutes for HB2715 - Committee on Financial Institutions and Insurance
Short Title
Authorizing the commissioner of insurance to set the amount of certain fees and requiring the publication of such fees in the Kansas register.
Minutes Content for Thu, Mar 7, 2024
The Chairperson opened the hearing on HB2715.
Eileen Ma, Assistant Revisor, ROS, presented the Revisor's Memorandum brief on the bill. (Attachment 5)
Eric Turek, Director of Government and Public Affairs, Kansas Insurance Department (KID), presented proponent testimony on this bill, which he requested on behalf of Vicki Schmidt, Insurance Commissioner. The bill would grant the Insurance Commissioner the flexibility to lower licensure fees for insurance agents and insurance agencies in Kansas. This legislation, in conjunction with other similar legislation last year, is anticipated to save the industry $1.2 million annually. (Attachment 6)
Seeing no questions or discussion, and no other proponent, opponent, or neutral testimony submitted, Chairperson Longbine closed the hearing on HB2715.
