The bill amends Kansas insurance law to streamline the governance of insurance-related boards and committees. It reduces the number of board members appointed by the commissioner for certain boards from nine to five, effective January 1, 2026, with the new composition including three representatives from insurers, one from independent insurance agents, and one from the general public. Additionally, the requirement for annual meetings of the committee on surety bonds and insurance is removed, allowing for more flexibility in scheduling. The bill also emphasizes cooperation among insurers in preparing plans for equitable apportionment, clarifying that these plans must be submitted for applicants unable to procure insurance through ordinary methods.

Moreover, the bill introduces a new committee on surety bonds and insurance, which will include key state officials such as the state treasurer, attorney general, and commissioner of insurance, granting them the authority to review and approve insurance plans. It specifies that excess losses and expenses over earned premiums can be transferred from the fund, but only once every three months, and clarifies the limits of liability for insurance plans. The bill also allows state agencies and educational institutions to purchase various types of insurance, including health care services, while repealing outdated statutes. 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