FEATURE protected cell language, with the clarification to not allow accident and health to be provided on a direct basis. In addition, re-domesticated foreign or alien captives are to be exempt from premium taxes during their first or second year of operations after re-domesticating to Kansas, with claw backs plus 10 % should they re-domesticate elsewhere within five years.
• Implement risk-based capital instructions language, requiring the Commissioner to publish the updated RBC instructions in the Kansas Register rather than through legislation each year.
• Implement NAIC Insurance Holding Company System Regulatory Model Act( 440) group capital calculation and liquidity stress testing language.
• Provide flexibility for life insurers who predominantly sell life insurance to utilize the health blank.
• Repeal K. S. A. 40-249, requiring insurers to dissolve if they do not issue policies within the first two years of receiving their charter.
• Clarify that church and government health plans be exempt from state insurance laws and regulations.
• Bring parity to the producer and public adjuster suspension and denial statutes, K. S. A. 40-4909 and 40-5510, relevant to when considering whether to deny, suspend, or revoke an application or license if an applicant or licensee has been convicted of a misdemeanor or felony— language was missing from K. S. A. 40-5510. This includes the requirement for public adjusters to respond to the Department concerning consumer complaints within 15-business days.
• Allow the Commissioner discretion to suspend, deny, or revoke a producer or public adjuster license or application if the applicant or licensee has had their producer license, public adjuster license, or securities registration denied, suspended, or revoked in any state.
• Allow travel insurance coverage to be filed under an accident and health or inland marine lines of insurance.
• Reduce the state premium tax( K. S. A. 40-252) from 2.0 % to 1.98 % and eliminate the 1 % retained by the Department.
HB 2050, which contains the following provisions:
• Eliminate the producer appointment renewal fee, though initial producer appointments are still required and will remain active until appointment termination.
• Allow the Commissioner the discretion to reduce 100 different fees codified in statute, and such fees must be published in the Kansas Register by December 1 of each year.
• Reduce the board memberships for KAIP, KAACP, the Workers Compensation and Employer’ s Liability Insurance Plan and the Healthcare Insurance Availability Plan.
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• Eliminate the requirement for surplus lines insurers from participating in the Department’ s list, and eliminate the $ 200 associated fee. Further, increasing the capital requirement for surplus lines insurers appearing on the list from $ 4.5 million to $ 15.0 million. Additionally, allow auto dealers to be covered by a surplus lines carrier rather than only an admitted carrier.
• Formally change statutory references from Kansas Insurance Department / KID to Kansas Department of Insurance / KDOI.
• Eliminate the senate confirmation requirement for the Kansas Securities Commissioner, and legally
MAY / JUNE 2025
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