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Minutes for SB25 - Committee on Financial Institutions and Insurance
Short Title
Decreasing the premium tax rate imposed on surplus lines insurance from 6% to 3%.
Minutes Content for Tue, Jan 31, 2023
Eileen Ma, Assistant Revisor, Kansas Revisor of Statutes Office (ROS) presented a bill brief. (Attachment 1)
Elizabeth Smoller, General Counsel, Kansas Association of Insurance Agents (KAIA) presented oral proponent testimony and responded to several questions from Senator Pittman (Attachment 2)
Chairperson Longbine drew the committee's attention to the written-only proponent testimony of:
Marlee Carpenter on behalf of Kansas Association of Property and Casualty Insurance Companies (KAPCIC) (Attachment 3)
Robert Fee, President, Fee Insurance Agency, Hutchinson, Kansas (Attachment 4)
Dirk Daveline, Vice President, Chief Financial Officer and Treasurer, SPS Companies, Manhattan, Kansas (Attachment 5)
John H. Meetz, Director, Government Relations, Wholesale & Specialty Insurance Association (WsiA) (Attachment 6)
Seeing no other questions or discussion, and no other proponent, opponent, or neutral testimony being submitted, Chairperson Longbine closed the hearing on SB25. He told the members SB23 would be heard tomorrow and we will take action on bills previously heard on Thursday, February 2.
The meeting adjourned at 9:45 am. The next scheduled meeting is Wednesday, February 1, 2023 at 9:30 am, in Room 546-South of the Capitol.
