The bill amends several sections of the Kansas insurance statutes, primarily focusing on the responsibilities of the commissioner of insurance. Notably, it removes the requirement for the commissioner to report annually to the governor and instead mandates that the commissioner publish an annual report on the department's website regarding the general conduct and condition of insurance companies, including fraternal benefit societies, operating in the state. Additionally, the bill introduces a provision that allows the commissioner to impose civil penalties for failure to file required reports or respond to inquiries, with penalties escalating for continued non-compliance.

Furthermore, the bill establishes that the commissioner must create universal forms for insurance claims related to accident and sickness policies, ensuring that all insurance companies utilize these forms within six months of notification. It also clarifies that insurers cannot refuse claims submitted on these uniform forms. The bill repeals certain outdated reporting requirements and specifies that it will take effect upon publication in the Kansas register. Overall, the amendments aim to enhance transparency and efficiency in the insurance regulatory process in Kansas.

Statutes affected:
As introduced: 40-108, 40-2, 40-4902, 40-2253
As Amended by Senate Committee: 40-108, 40-2, 40-4902, 40-2253
As Amended by House Committee: 40-108, 40-2, 40-4902, 40-2253