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Minutes for HB2042 - 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, eliminating the controlled business exemption in certain counties.
Minutes Content for Wed, Feb 26, 2025
Chairperson Dietrich opened the hearing on HB2042. Revisor Eileen Ma gave a summary of the bill before the Committee.(Attachment 5)
Kyle Strathman of the Department of Insurance was a proponent of the bill. (Attachment 6) As the Committee had already heard this bill as SB22, he kept his remarks brief and stood for questions.
Written proponent testimony was also provided by Ashley Garr, co-chair of the Kansas Land and Title Association. (Attachment 7)
There was no other testimony.
Chairperson Dietrich closed the hearing on HB2042.
Next meeting is scheduled for February 27th.
Meeting adjourned at 9:42 a.m.
