The bill amends Kansas insurance laws to enhance consumer protection and accountability within the insurance industry. It establishes a requirement for insurance agents and insurers to respond to inquiries from the commissioner of insurance within 14 calendar days and mandates that insurers maintain comprehensive records of all complaints received since their last examination. The bill also introduces a comprehensive list of unfair practices, including prohibiting discrimination against individuals based on their status as victims of domestic abuse or living organ donors. Additionally, it allows for the establishment of rebate pilot programs that can exceed one year in duration, providing flexibility for testing new insurance practices.

Moreover, the bill outlines procedures and penalties related to the licensing of business entities in the insurance sector, ensuring that any actions affecting a license follow the Kansas administrative procedure act. It allows for the suspension or revocation of a business entity's license if violations are not reported or corrected and introduces administrative penalties for violations, with a maximum penalty of $500 per violation. The bill also repeals certain existing statutes and changes the publication requirement from the "statute book" to the "Kansas register," reflecting a modernization of legal updates. Overall, these amendments aim to ensure fair treatment and transparency in the insurance market.

Statutes affected:
As introduced: 40-2404, 40-4909
As Amended by House Committee: 40-2404, 40-4909
As Amended by Senate Committee: 40-2404, 40-4909