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KS HB2048

Bill

Status

Engrossed

2/5/2025

Primary Sponsor

Insurance

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Eliminates the requirement for the Insurance Commissioner to submit annual reports to the governor on the conduct and condition of insurance companies operating in Kansas

  • Removes an outdated 1993 reporting requirement for the commissioner to report to the governor and legislature on electronic data interchange formats and standards

  • Simplifies the definition of "person" for insurance law enforcement purposes by removing a lengthy list of specific entity types (rating organizations, third party administrators, HMOs, captive insurance companies, etc.) while retaining coverage of "any other legal entity under the jurisdiction of the commissioner"

  • Maintains existing enforcement penalties: up to $1,000 per violation ($2,000 if knowing), plus $500 per week for failure to file required reports

  • Takes effect upon publication in the Kansas Register rather than the statute book

Legislative Description

Eliminating the requirement that the commissioner submit certain reports to the governor and removing certain specific entities from the definition of person for the purpose of enforcing insurance law.

Last Action

Senate Motion to accede adopted; Senator Dietrich, Senator Fagg and Senator Francisco appointed as conferees

3/20/2025

Committee Referrals

Financial Institutions and Insurance2/6/2025
Insurance1/21/2025

Full Bill Text

No bill text available