Kansas HB2042 amends insurance laws to update regulations on title insurance practices, including requirements for audit reports, surety bonds, and.
Kansas HB2042 amends insurance laws to update regulations on title insurance practices. The bill requires title insurance agents to make their audit reports available for inspection upon request instead of submitting them annually. It mandates that title insurance agents file a $100,000 surety bond or irrevocable letter of credit with the commissioner. The bill also eliminates the controlled business exemption in certain counties.
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