KANSAS INSURANCE DEPARTMENT

 

            K.A.R. 40-3-52. Fire and casualty insurance; title insurers; controlled business arrangements.  (a)  For the purpose of this regulation, “controlled business” shall have the meaning specified in K.A.R. 40-3-43.

(b)       As a part of the report stating the percentage of closed title orders originating from a controlled business arrangement pursuant to K.S.A. 40-2404(14)(h) and amendments thereto, each title insurer or title agent engaged in a controlled business arrangement shall submit the following information to the commissioner:

(1)       The identity of each producer of title business involved in the controlled business arrangement;

(2)       the date on which the business year began for the controlled business arrangement;

(3)       the identity of any federally chartered bank or savings association affiliated with the title insurer, if such an affiliation exists; and

(4)       the date of the end of the title insurer’s or title agency’s business year.

(c)        Each insurer or title agent required by subsection (b) to file a report shall submit the report to the commissioner pursuant to K.S.A. 40-2404(14)(h) and amendments thereto. (Authorized by K.S.A. 40-103 and K.S.A. 2006 Supp. 40-2404(14)(j); implementing K.S.A. 40-2403 and K.S.A. 2006 Supp. 40-2404(14); effective February 15, 2008.