KANSAS LEGISLATIVE SESSION WRAP-UP written by Dan Murray , KAIA Lobbyist
The Kansas legislature completed the Veto Session and adjourned Sine Die on April 28 , meaning the full legislature won ’ t return until next January unless a special session is called . Before adjourning , the Legislature successfully overrode Governor Kelly on eight of 19 vetoes . Notably , though , the legislature was not able to muster enough votes to override the Governor ’ s veto of the major tax bill . Legislative leaders will soon approve and assign special committees to study various topics throughout the interim session . These interim committees typically approve non-binding recommendations for the full legislature to consider when they return in January .
2023 BILLS IMPACTING INSURANCE
Surplus Lines , Prepaid Service Plans & Insurance
Fees : The legislature passed and the Governor signed HB2090 , which includes KAIA ’ s bill to reduce the premium tax rate on surplus lines plans .
The bill makes several changes to the Insurance Code to decrease the premium tax rate assessed for certain surplus lines business , modify reporting and fee requirements relating to prepaid service plans , and amend the Uniform Insurance Agents Licensure Act and the Public Adjusters Licensing Act to allow the Commissioner of Insurance to set certain fees lower than the established statutory maximum amounts and also amend fingerprinting criteria for resident agents .
• Surplus Lines : Under current law , on March 1 of each year , licensed agents are required to collect and pay to the Commissioner a tax of 6.0 percent
12 KANSAS INSURANCE AGENT & BROKER