Bill > HB2043

This bill modifies Kansas insurance regulations by requiring insurers and agents to respond to inquiries from the insurance commissioner within 14 calendar days and allowing certain rebate pilot programs to exceed the previous one-year limitation. Specifically, the bill expands provisions related to unfair insurance practices, adding new definitions and clarifying existing rules around rebates, value-added services, and pilot programs. Insurance companies and producers can now conduct pilot or testing programs for value-added services for longer than one year if they notify the commissioner and cannot determine sufficient evidence within the initial one-year period. The bill also updates licensing requirements, giving the commissioner more flexibility in determining whether to deny, suspend, or revoke an insurance agent's license by considering factors like the recency and seriousness of past conduct, evidence of rehabilitation, and the applicant's character. Additionally, the bill requires insurers to maintain detailed complaint records and provides guidelines for how financial interests in title insurance referrals must be disclosed to consumers, aiming to increase transparency and protect consumers in insurance transactions.

Business and Industry

Insurance (H)

https://kslegislature.gov/li/b2025_26/measures/hb2043/