The bill amends several sections of the Kansas insurance statutes, specifically K.S.A. 40-108, K.S.A. 2024 Supp. 40-2,125, and K.S.A. 40-2253. Notably, it removes the requirement for the commissioner of insurance to make an annual report to the governor regarding the conduct and condition of insurance companies, including fraternal benefit societies. Additionally, the bill introduces new provisions for the commissioner to impose civil penalties for violations of insurance statutes, with penalties of up to $1,000 for each violation, and up to $2,000 if the violator knew or should have known of the violation. It also allows for emergency cease and desist orders in situations posing immediate danger to public health or safety.

Furthermore, the bill mandates the commissioner to create universal forms for insurance claims related to accident and sickness policies, ensuring that insurers cannot refuse claims submitted on these forms. The requirement for the commissioner to report to the governor and legislature on the development of electronic data interchange formats has been deleted. The act will take effect upon its publication in the Kansas register.

Statutes affected:
As introduced: 40-108, 40-2, 40-4902, 40-2253
As Amended by Senate Committee: 40-108, 40-2, 40-4902, 40-2253