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Minutes for SB335 - Committee on Insurance and Pensions

Short Title

Exempting certain business entities that provide health insurance in the state but are not subject to the jurisdiction of the commissioner of insurance from payment of the annual premium tax.

Minutes Content for Wed, Mar 2, 2022

Chairperson Johnson opened the hearing on SB335.

Eileen Ma, Assistant Revisor, Office of the Revisor of Statutes, provided a briefing of SB335. Ms. Ma stood for questions.(Attachment2)

Proponent Testimony:

Alex Orel, Senior Vice President - Government Relations, Kansas Bankers Association, provided testimony stating SB335 would help keep the cost of health insurance as low as possible for Association Health Plans. (Attachment3) Mr. Orel stood for questions

Shahira Stafford, Kansas Cooperative Council (KCC) provided testimony that SB335 would eliminate the current one percent tax on premiums that Kansas agricultural cooperative pay to the state of Kansas and the bill will help ease the burden of unnecessary costs being passed onto cooperatives and cooperative employees. (Attachment4) Ms. Stafford stood for questions.

Seeing no questions or further testimony, chairperson closed the hearing on SB335.