Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee approves bill to streamline cash-bond certificate process
Summary
The Insurance Subcommittee approved House Bill 119 to move sole responsibility for issuing cash- and bond-backed certificates to the Department of Revenue, a change sponsors said will simplify recordkeeping and reduce customer confusion.
Chairman Hicks presented House Bill 119 to the Insurance Subcommittee on Wednesday, Feb. 12, proposing that the Department of Revenue alone issue certificates for cash bonds or deposit-backed certificates now handled by two agencies.
Supporters said the change will centralize recordkeeping and simplify the process for customers who put up cash bonds or surety bonds tied to certificates. Chairman Hicks said the bill…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
