The proposed bill amends Kansas insurance laws to enhance consumer protection and address unfair practices 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, ensuring timely communication. The bill also introduces new definitions and prohibitions against unfair claim settlement practices, aiming to protect consumers from misleading information. Additionally, it authorizes rebate pilot programs to exceed one year, allowing for more flexibility in testing new insurance practices. A comprehensive list of unfair methods of competition and deceptive acts is included, targeting issues such as misrepresentation of policies and discrimination based on factors like domestic abuse status.

Moreover, the bill outlines stricter regulations for title insurance practices, prohibiting rebates or inducements to secure business and requiring disclosure of financial interests that may create conflicts. It establishes procedures for licensing business entities in the insurance sector, ensuring compliance with the Kansas administrative procedure act and allowing for administrative penalties for violations. The bill also clarifies the definition of "complaint" and mandates insurers to maintain records of complaints. Notably, it repeals certain existing statutes and updates the publication requirement from the "statute book" to the "Kansas register," reflecting a modernization of the law's procedural framework.

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