SB22

Kansas SB22 revises title insurance regulations, requiring audit reports to be available for inspection, setting surety bond amounts, and eliminating.

Kansas SB22 amends title insurance regulations by requiring title agents to make their audit reports available for inspection upon request instead of submitting them annually. It mandates that title agents file a $100,000 surety bond or irrevocable letter of credit with the commissioner of insurance. The bill also eliminates the controlled business exemption in counties with populations over 10,000. These changes aim to enhance transparency, financial security, and regulatory oversight in the title insurance industry.