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KS HB2043

Bill

Status

Engrossed

2/10/2025

Primary Sponsor

Insurance

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Financial Institutions and Insurance2/11/2025
Insurance1/21/2025

Full Bill Text

No bill text available