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KS HB2043
Bill
Status
2/10/2025
Primary Sponsor
Insurance
Click for details
AI Summary
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Insurance agents and insurers must respond to inquiries from the Kansas Insurance Commissioner within 14 calendar days when the inquiry concerns a complaint or matter related to a particular issue
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Rebate pilot or testing programs for value-added products and services may be extended beyond the initial one-year limit if the insurer or producer cannot determine within that period whether the product or service meets statutory criteria
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Amends K.S.A. 40-2404 (unfair and deceptive acts or practices) and K.S.A. 40-4909 (license denial, suspension, or revocation grounds) to incorporate the 14-day response requirement
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Failure to respond within the 14-day timeframe constitutes grounds for disciplinary action against a licensed insurance agent, including potential license denial, suspension, or revocation
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Takes effect upon publication in the Kansas Register
Legislative Description
Requiring agents and insurers to respond to inquiries from the commissioner of insurance within 14 calendar days and authorizing certain rebate pilot programs to exceed one year in duration.
Last Action
Senate Motion to accede adopted; Senator Dietrich, Senator Fagg and Senator Francisco appointed as conferees
3/17/2025