The bill amends existing Kansas insurance laws regarding the licensing requirements for insurance agents and public adjusters, specifically addressing the grounds for suspension, revocation, denial of licensure, and licensure renewal. Key provisions include the commissioner’s authority to deny or revoke licenses based on various violations, such as providing misleading information, committing fraud, or failing to comply with legal obligations. Notably, the bill introduces a new requirement for licensees to respond to inquiries from the commissioner within a specified number of business days. Additionally, it establishes criteria for evaluating applicants with prior misdemeanor or felony convictions, focusing on factors such as the applicant's age at the time of the offense and evidence of rehabilitation.

The bill also includes provisions for administrative penalties, allowing the commissioner to impose fines for violations, with a maximum penalty structure outlined. It specifies that costs incurred during administrative hearings will be assessed against the involved parties. Furthermore, the bill clarifies that individuals whose licenses have been suspended or revoked cannot be employed by insurance companies during the suspension period. The existing sections of K.S.A. 40-5510 and K.S.A. 2024 Supp. 40-4909 are repealed, and the act will take effect upon publication in the Kansas register.

Statutes affected:
As introduced: 40-5510, 40-4909
As Amended by Senate Committee: 40-5510, 40-4909
As Amended by House Committee: 40-5510, 40-4909