State auditor cleanup bill advances after debate over bail‑bond training, 340B sunset

Representative Ed Buttry, sponsor of House Bill 60, opened the hearing by saying the bill is a routine cleanup for the state auditor’s office that revises definitions, filing requirements and consumer protections across securities and insurance statutes.

"House bill 60 revises multiple areas of statute affecting the auditor's office, including definitions, regulatory filing requirements, producer training, surplus lines insurance, and consumer protection measures," Buttry said, summarizing the bill as a package of administrative updates and so‑called "red tape relief." He said the bill was requested by the state auditor and that the office consulted affected stakeholders.

The bill would change the securities registration process, establish a one‑year statute of limitation measured from discovery of a securities violation, and clarify eligibility for the securities restitution fund, which helps pay restitution in securities enforcement matters. The bill also would modernize insurance rules on disclosures, telehealth, medically‑necessary examinations and privacy protections while removing obsolete provisions.

Frank Cote of the State Auditor's Office testified in support and…