Controlled Business Report Filing
K.S.A. 40-2404(14)(h) requires each title insurer, agency or agent, within 90 days following the end of each business year (as established by the insurer, agency or agent) to file with the Department of Insurance and any title insurer with which the title agent or agency maintains an underwriting agreement, a report, executed by the title insurer’s title agency’s or title agent’s chief executive officer or designee, under penalty of perjury, stating the percent of closed title orders originating from controlled business.1
K.A.R. 40-3-52 sets forth information that is to be included in annual closed business reports.
1See K.A.R. 40-3-43 for important definitions of “closed title order,” “controlled business,” and “title insurance order.”