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Minutes for HB2547 - Committee on Insurance and Pensions
Short Title
Authorizing technology-enabled fiduciary financial institution insurance companies within the captive insurance act and providing for the requirements and operations thereof.
Minutes Content for Mon, Jan 31, 2022
The Chairperson opened the hearing on HB2547.
David Wiese, Office of Revisor of Statutes, presented an overview of the bill. (Attachment1)
The revisor responded to questions.
Brad Heppner - Chief Executive Officer of Beneficient Company Group presented an introduction on the TEFFI Insurance Act bill and clarified questions on the current Kansas Captive Act.
The conferee stood for questions.
The chairperson introduced Derek Fletcher to testify in support of HB2547. He provided written testimony stating that this important piece of legislation authorizes captive insurance for “technology enabled fiduciary financial institutions” or “TEFFIs” (Attachment2) and also provided slides on Captive Insurance on TEFFIs . (Attachment3)
The conferee stood for questions.
There were no opponents or neutral conferees.
The Chair closed the hearing on HB2547.
