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KS SB27
Bill
Status
2/20/2025
Primary Sponsor
Financial Institutions and Insurance
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AI Summary
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Eliminates the requirement for the Kansas Insurance Commissioner to submit annual reports on insurance companies to the governor, instead requiring publication on the department's website
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Removes an outdated 1993 reporting requirement for the commissioner to report to the governor and legislature on electronic data interchange formats and standards
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Simplifies the definition of "person" in K.S.A. 40-2,125 by removing the enumerated list of specific entity types (rating organizations, third party administrators, HMOs, captive insurers, etc.) and replacing it with broader language covering any legal entity under the commissioner's jurisdiction
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Retains the exclusion of insurance agents and brokers from the definition of "person" for enforcement purposes
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Takes effect upon publication in the Kansas Register
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
House Motion to accede adopted; Representative Sutton, Representative Bergkamp and Representative Neighbor appointed as conferees
3/19/2025