The bill amends existing Kansas statutes 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 updates the timeframe for responding to inquiries from the commissioner from "14 calendar days" to "15 business days." Additionally, it specifies that the license of any business entity may be affected by violations committed by individual licensees associated with that entity.

Furthermore, the bill introduces a structured approach for the commissioner to consider factors related to an applicant's criminal history when determining licensure eligibility, including the applicant's age at the time of the offense and evidence of rehabilitation. It also establishes penalties for violations, including administrative fines and the assessment of costs incurred during hearings. The bill repeals the previous versions of K.S.A. 40-5510 and K.S.A. 2024 Supp. 40-4909, consolidating and updating the legal framework governing insurance licensing in Kansas. The act will take effect upon publication in the Kansas register.

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