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 to the governor and instead mandates that the commissioner publish an annual report on the general conduct and condition of insurance companies, including fraternal benefit societies, on the department's website. Additionally, the bill introduces a provision that allows the commissioner to impose civil penalties for non-compliance with reporting requirements, with specific monetary penalties outlined for violations.

Furthermore, the bill establishes that the commissioner must create universal forms for insurance claims and ensures that insurers cannot refuse claims submitted on these forms. It also repeals certain outdated reporting requirements and specifies that the act will take effect upon publication in the Kansas register. Overall, the bill aims to enhance transparency and accountability within the insurance sector while streamlining processes for both the commissioner and insurance companies.

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