Additionally , make sure you are signed up to receive the Departments ’ quarterly Regulator Roundup at insurance . kansas . gov / news . •
EDUCATION & EVENTS
The Department has worked with industry groups to introduce a bill that establishes a new , tiered financial examination fee schedule . The bill will provide regulatory certainty to insurers by creating an overall cap for both Department expenses as well as contractual services , The new fee schedule will help ensure strong state-based regulation and consists of seven tiers that correlate with an insurer ’ s annual gross premium written and better fits the varying sizes of Kansas domestic companies .
Another bill we introduced this year reduces the number of members on boards I appoint as Commissioner . This bill will create further efficiencies and cost savings by bringing the operations of these boards in line with what is necessary to conduct their business , all while helping ensure active , engaged board members with the appropriate industry expertise .
Finally , the Protect Vulnerable Adults from Financial Exploitation Act , will help protect the most vulnerable Kansans from fraud . This bill makes it easier for financial professionals to report financial exploitation to authorities dedicated to preventing it — Adult Protective Services and the Securities Division at the Kansas Department of Insurance . Second , the bill allows the professional to slow a requested transaction or disbursement down long enough to verify its legitimacy . This bill will not only empower investors to protect their clients ’ interests in Kansas , but also protect the most vulnerable Kansans from financial ruin .
These are just a few of the bills the Department has moving through the legislative process . As we get further into session , you can reach out to Erik Turek at erik . l . turek @ ks . gov for any legislative inquires or concerns .
Additionally , make sure you are signed up to receive the Departments ’ quarterly Regulator Roundup at insurance . kansas . gov / news . •
MAY May 5-7 May 17 May 22
JUNE June 4 June 5-6 June 14
JULY July 12
AUGUST Aug . 9
Aug . 20 Aug . 21-22
SEPTEMBER
Sept . 3-8 Sept . 13 Sept . 17 Sept . 18-19 Sept . 25-27
OCTOBER Oct . 9-10 Oct . 11
NOVEMBER Nov . 6-8 Nov . 8 Nov . 12 Nov . 13-14
DECEMBER Dec . 4 Dec . 13
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