The bill amends Kansas insurance laws to enhance consumer protection and accountability within the insurance industry. It mandates that insurance agents and insurers respond to inquiries from the commissioner of insurance within 14 calendar days and establishes a comprehensive list of unfair practices, including misrepresentations and false advertising. The bill introduces provisions that clarify the conditions under which insurers can offer value-added products, ensuring they are not discriminatory and based on documented criteria. Additionally, it allows for the extension of rebate pilot programs beyond one year, promoting flexibility in testing new practices while emphasizing the importance of fair treatment for vulnerable individuals.

Furthermore, the bill outlines disciplinary actions against insurance licensees and business entities, specifying factors the commissioner must consider when evaluating applicants for licensure after revocation. It clarifies that a business entity's license may be suspended or revoked if it fails to address violations committed by individual licensees. The bill also removes certain legal language regarding the commissioner's jurisdiction in disciplinary actions and sets clear timeframes for reapplication after license denial or revocation. Overall, the legislation aims to promote fairness, transparency, and consumer protection in the insurance market.

Statutes affected:
As introduced: 40-2404, 40-4909
As Amended by Senate Committee: 40-2404, 40-4909