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Bill would let securities administrator set fees in the Kansas Register and remove 10% SGF transfer, agency says
Summary
Senate Bill 472 would authorize the securities administrator and insurance commissioner to set and publish certain fees in the Kansas Register, allow fee flexibility used in recent years, and eliminate a statutory 10% credit to the state general fund that agencies argued is an outdated remnant of prior administrative arrangements.
The Senate Committee on Financial Institutions and Insurance heard testimony on Senate Bill 472, which would amend the Uniform Securities Act and related insurance statutes to let the securities administrator set certain fees (not to exceed statutorily prescribed maximums) and require the commissioner of insurance to publish fee amounts in the Kansas Register by Dec. 1 for the upcoming calendar year. The bill also would authorize the commissioner to set agent-licensure and public-adjuster fees and would eliminate a 10% credit to the state general fund from…
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