Bill > SB121

This bill updates and modifies various provisions related to insurance regulation in Kansas, with several key provisions. The bill authorizes the insurance commissioner to select and announce the version of insurance calculations, instructions, and documents that will be in effect for the upcoming calendar year, which must be published in the Kansas register by December 1st. The bill adopts provisions from the National Association of Insurance Commissioners (NAIC) Holding Company System Regulatory Act, specifically relating to group capital calculations and liquidity stress testing. It expands regulatory oversight by allowing the commissioner to examine insurers and their affiliates to assess financial conditions and enterprise risk, and introduces new requirements for reporting group capital calculations and liquidity stress test results. The bill also updates definitions and exemptions for various insurance entities, clarifies confidentiality and information-sharing protocols for regulatory documents, and establishes guidelines for transactions between insurers and their affiliates. Additionally, the bill modifies definitions related to health benefit plans and health insurers, and provides more detailed explanations of terms like emergency medical conditions and participating providers. Overall, the bill aims to enhance insurance regulation, improve financial transparency, and provide the insurance commissioner with more comprehensive tools for monitoring and assessing insurance companies' financial health.

Business and Industry

Financial Institutions and Insurance (Senate)

https://kslegislature.gov/li/b2025_26/measures/sb121/