The bill amends Kansas insurance law to streamline the governance of insurance-related boards and reduce the frequency of meetings for certain committees. It specifically reduces the number of board members appointed by the commissioner for the governing boards of insurance plans from nine to five, effective January 1, 2026. The new board composition will include three representatives from insurers, one from independent insurance agents, and one from the general public. Additionally, the bill modifies the terms of service for board members and establishes that these governing boards will meet less frequently than previously required. It also updates the language regarding the preparation and submission of plans for equitable apportionment among insurers, emphasizing cooperation and clarifying the commissioner's review and approval process.

Moreover, the bill specifies that excess losses and expenses over premiums earned shall be transferred from the fund no more than once every three months and clarifies the limits of liability that insurance plans must provide, ensuring they meet or exceed those outlined in K.S.A. 40-3402. It establishes a governing board overseeing the insurance plans, detailing qualifications for board members, and creates a committee on surety bonds and insurance with defined responsibilities and meeting requirements. The bill allows state agencies and educational institutions to purchase various types of insurance, including health care services, while removing certain previous stipulations regarding health care coverage. It also repeals several outdated statutes and specifies that it will take effect upon publication in the Kansas register.

Statutes affected:
As introduced: 40-2102, 40-2109, 40-3116, 40-3413, 75-4101
As Amended by House Committee: 40-2102, 40-2109, 40-3116, 40-3413, 75-4101