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Minutes for SB22 - Committee on Financial Institutions and Insurance
Short Title
Requiring title agents to make their audit reports available for inspection instead of submitting such reports annually, requiring the amount of surety bonds filed with the commissioner of insurance to be $100,000 and eliminating the controlled business exemption in certain counties.
Minutes Content for Tue, Feb 4, 2025
Chairperson Dietrich called the Committee to work SB 22. Revisor Eileen Ma provided an overview of the bill and answered questions from the Committee. Revisor Ma offered an amendment to the bill that was requested by the Department of Insurance to change the effective date to January 1, 2026. (Attachment 5)
Senator Gossage moved to amend SB 22. Senator Francisco seconded. Motion carried.
Senator Fagg moved to pass SB 22 favorably out of Committee as amended. Senator Argabright seconded. Motion carried.
Next meeting is scheduled for February 5, 2025.
Meeting adjourned at 10:19 a.m.
