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Agency 40

Insurance Department

Article 3.—Fire and Casualty Insurance

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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 Feb. 15, 2008.)
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