Rule detail : 251423

KNS LEG Ins Commissioner Power, Fees

Published on: Apr 22, 2025

KNS LEG enacted HB 2050 on powers of insurance commissioner, other requirements.
Amends KNS INS 8-2405, KNS INS 75-4101, KNS INS 75-6301, reconciles multiple amendments to certain statutes within KNS INS 40; repeals KNS INS 40-3217.
Measure repeals KNS INS 75-6302, KNS INS 75-6303, KNS INS 75-6304, KNS INS 75-6305, KNS INS 75-6306, and KNS INS 75-6307 (office of securities commissioner).
Document dated Apr. 8, 2025, was received on Apr. 22 due to a fixed feed.
Bill Provisions
Eliminates producer appointment renewal fee, authorizes reduction of additional fees.
Reduces number of board members appointed on certain insurance-related boards.
Decreases the frequency of meetings of the committee on surety bonds and insurance.
Requires commissioner of insurance to maintain a list of eligible nonadmitted insurers.
Authorizes certain nonadmitted insurers to transact business with KS vehicle dealers.
Legislative History
On Jan. 21, 2025, bill introduced in House; on Feb. 7, 2025, bill passed House.
On Feb. 7, 2025, bill introduced in Senate; on Mar. 19, 2025, bill passed Senate.
On Apr. 4, 2025, bill enrolled; on Apr 8, 2025, bill was approved by the governor.
Effectiveness
HB 2050 shall take effect on Jul. 1, 2025.

Regulators

KNS LEG

Entity Types

Ins

Reference

Bill HB2050, 4/8/2025; Citation: *KNS INS* 8-2405, 75-4101, 75-6301, 75-6302, 75-6303, 75-6304, 75-6305, 75-6306, 75-6307; *KNS INS* 40, 40-3217;

Functions

Compliance; Financial; Legal; Operations; Registration/Licensing

Countries

United States of America