Bill > HB2128

This bill authorizes the Kansas Insurance Commissioner to select and announce the version of certain insurance-related instructions, calculations, and documents that will be in effect for the upcoming calendar year, with the announcement to be published in the Kansas Register by December 1st each year. The bill updates several sections of Kansas insurance law, focusing on three main areas: (1) establishing procedures for the commissioner to specify which National Association of Insurance Commissioners (NAIC) instructions will be used for risk-based capital calculations and other financial reporting, (2) expanding exemptions for certain types of insurance entities and self-funded health plans, and (3) introducing new provisions related to group capital calculations and liquidity stress testing for insurance holding companies. The bill adds requirements for insurers to file group capital calculations and liquidity stress test results, while also establishing strict confidentiality rules around these financial documents. Additionally, the bill updates definitions related to health benefit plans and insurance entities, clarifying the scope of various insurance regulations. These changes aim to modernize Kansas insurance regulations, align them more closely with national standards, and provide the Insurance Commissioner with more flexible tools for overseeing insurance companies and holding systems.

Business and Industry

Insurance (House)

https://kslegislature.gov/li/b2025_26/measures/hb2128/