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KS SB23
Bill
Status
2/20/2025
Primary Sponsor
Financial Institutions and Insurance
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AI Summary
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Insurance agents and insurers must respond to inquiries from the Kansas Commissioner of Insurance within 14 calendar days when the inquiry concerns a complaint or relates to a particular matter
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Rebate pilot or testing programs for value-added insurance products/services may be extended beyond the standard one-year limit if insurers or producers cannot determine sufficient evidence within that period; extensions require commissioner approval
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Failure to respond to commissioner inquiries within the 14-day timeframe constitutes an unfair trade practice and grounds for license denial, suspension, revocation, or non-renewal
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Amends K.S.A. 2024 Supp. 40-2404 (unfair and deceptive acts) and 40-4909 (insurance license requirements) to implement these changes
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Takes effect upon publication in the Kansas statute book
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
House Motion to accede adopted; Representative Sutton, Representative Bergkamp and Representative Neighbor appointed as conferees
3/17/2025