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Bill would change insurer audit submissions, set $100,000 surety bond and remove small-county controlled-business exception
Summary
House Bill 2,042 would stop annual submission of insurer audit reports to the Kansas Insurance Commissioner in favor of making them available for inspection, set a $100,000 surety bond requirement for Title 8 insurance agents, and eliminate a controlled-business exception in small counties.
House Bill 2,042, the House companion to Senate Bill 22, would change multiple insurance-related requirements: audit reports would no longer be submitted annually to the Insurance Commissioner but instead be made available for inspection upon request; surety bond requirements for Title 8 insurance agents would be standardized at $100,000; and the bill would eliminate a controlled-business exception for real-estate transactions in counties with…
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