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KS HB2087
Bill
Status
2/25/2025
Primary Sponsor
Insurance
Click for details
AI Summary
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Requires the Kansas Commissioner of Insurance to maintain a publicly available list of eligible nonadmitted insurers that meet specified financial and filing requirements
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Increases the minimum capital or surplus requirement for nonadmitted insurers to appear on the eligible list from $4,500,000 to $15,000,000
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Allows vehicle dealers to obtain required liability insurance from eligible nonadmitted insurers, not just insurers authorized to transact business in Kansas
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Permits nonadmitted insurers meeting federal eligibility requirements under 15 U.S.C. § 8204 (as of July 1, 2025) to place excess lines insurance in Kansas regardless of state list inclusion
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Provides liability protection for the commissioner and state employees for good-faith decisions regarding which insurers appear on the eligible list
Legislative Description
Authorizing certain nonadmitted insurers to transact certain business in Kansas and requiring the commissioner of insurance to maintain a list of eligible nonadmitted insurers.
Last Action
Senate Motion to accede adopted; Senator Dietrich, Senator Fagg and Senator Francisco appointed as conferees
3/24/2025