Bill
Bill > HB2050
KS HB2050
KS HB2050Authorizing the commissioner of insurance to set the amount of certain fees and cause the publication of such fees in the Kansas register, authorizing the commissioner to reduce the number of board members on certain insurance-related boards, renaming the Kansas insurance department as the Kansas department of insurance, renaming the office of the securities commissioner as the department of insurance, securities division, renaming the securities commissioner as the department of insurance, assi
summary
Introduced
01/21/2025
01/21/2025
In Committee
03/12/2025
03/12/2025
Crossed Over
02/07/2025
02/07/2025
Passed
04/10/2025
04/10/2025
Dead
Signed/Enacted/Adopted
04/10/2025
04/10/2025
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning insurance; relating to the powers, duties and responsibilities of the commissioner of insurance; authorizing the commissioner of insurance to set the amount of certain fees; requiring the publication of certain fees in the Kansas register; reducing the number of board members appointed by the commissioner of insurance on certain insurance-related boards and the frequency of the meetings of the committee on surety bonds and insurance; renaming the Kansas insurance department as the Kansas department of insurance; requiring the commissioner of insurance to maintain a list of eligible nonadmitted insurers; authorizing certain nonadmitted insurers to transact business in Kansas with vehicle dealers and to provide excess coverage insurance on Kansas risks; renaming the office of the securities commissioner as the department of insurance assistant commissioner, securities division; eliminating the requirement that the senate confirm the department of insurance assistant commissioner, securities division appointee; amending K.S.A. 8-2405, 40-205a, 40-218, 40-246b, 40-246e, 40-252, 40-2,133, 40- 504, 40-956, 40-2102, 40-2109, 40-22a04, 40-2604, 40-2702, 40-3116, 40-3213, 40- 3304, 40-3413, 40-3812, 40-3813, 40-3814, 40-4103, 40-4116, 40-4323, 40-4334, 40-4503, 40-5003, 40-5509 and 75-4101 and K.S.A. 2024 Supp. 40-102, 40-3823, 40-3824, 40-4209, 40-4302, 40-4903 and 75-6301 and repealing the existing sections; also repealing K.S.A. 40-3217, 75-6302, 75-6303, 75-6304, 75-6305, 75- 6306 and 75-6307.
AI Summary
This bill makes several administrative and structural changes to Kansas insurance, securities, and related regulatory functions. The key provisions include: Renaming the Kansas Insurance Department to the Kansas Department of Insurance, and renaming the Office of the Securities Commissioner to the Department of Insurance, Securities Division. The bill also renames the Securities Commissioner to the Department of Insurance Assistant Commissioner, Securities Division, and removes the requirement for Senate confirmation of this position. Additionally, the bill grants the Commissioner of Insurance the authority to set various fees for insurance-related licenses, certifications, and services, with a requirement to publish these fees in the Kansas Register annually by December 1st. The bill modifies the composition and size of several insurance-related governing boards, typically reducing the number of members and adjusting the representation. It also updates various technical and administrative provisions across multiple sections of Kansas insurance law, including clarifying language, updating fee structures, and streamlining regulatory processes. The changes are mostly administrative in nature and aim to modernize and simplify the state's insurance and securities regulatory framework. The bill will take effect and be in force upon publication in the statute book.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Insurance (House)
Last Action
House Approved by Governor on Tuesday, April 8, 2025 (on 04/10/2025)
Official Document
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