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Sept. 20, 2020
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Minutes for HB2479 - Committee on Financial Institutions and Insurance

Short Title

Codifying the NAIC corporate governance model regulation into statute.

Minutes Content for Tue, Mar 10, 2020

Chairman Olson opened the hearing on the bill. He called for Eileen Ma for a Revisor of Statutes overview of the bill.

Chairman Olson called upon Lee Modesitt for proponent testimony on behalf of the Kansas Insurance Department. (Attachment 1)

Mr. Modesitt explained that accreditation minimizes the level of regulation and oversight from other state regulatory entities. The committee expressed some concerns regarding some of the requirements of the bill.

Seeing no additional questions or further testimony, the Chairman closed the hearing on the bill.