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 amendments include the addition of specific criteria under which the commissioner may deny or revoke licenses, such as providing misleading information, committing fraud, or failing to comply with child support obligations. Notably, the bill modifies the timeframe for responding to inquiries from the commissioner from "14 calendar days" to "15 business days." It also clarifies that the license of any business entity may be affected by violations committed by individual licensees associated with that entity.

Additionally, the bill outlines the process for considering the moral fitness and rehabilitation of applicants with prior misdemeanor or felony convictions when determining their eligibility for licensure. It establishes penalties for violations, including administrative fines and the assessment of costs incurred during hearings. The bill also emphasizes that no individual whose license has been suspended or revoked may work in the insurance industry during that period. Finally, the bill repeals the previous sections of K.S.A. 40-5510 and K.S.A. 2024 Supp. 40-4909, indicating a comprehensive update to the regulatory framework governing insurance licensing in Kansas.

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