Bill > SB28

This bill updates statutes governing the suspension, revocation, denial, and renewal of licenses for insurance agents and public adjusters in Kansas. The bill expands the circumstances under which the insurance commissioner can take disciplinary action against licensees, including adding a new provision requiring licensees to respond to commissioner inquiries within 15 business days. The bill introduces a more comprehensive framework for evaluating an applicant's past criminal history, requiring consideration of factors such as the recency of the conduct, evidence of rehabilitation, and the applicant's character. The legislation also clarifies that the commissioner can impose administrative penalties up to $500 per violation (or $1,000 if the violation was known to potentially trigger disciplinary action), with total penalties not exceeding $2,500 or $5,000 depending on the circumstances. Additionally, the bill standardizes language across insurance agent and public adjuster licensing statutes, including adding provisions about securities registrations and modifying language about license denials and revocations. The changes aim to provide the insurance commissioner with more flexible and nuanced tools to regulate insurance professionals, protect consumer interests, and maintain professional standards in the insurance industry.

Business and Industry

Financial Institutions and Insurance (S)

https://kslegislature.gov/li/b2025_26/measures/sb28/