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 modifies the penalties for violations of insurance statutes, allowing for increased monetary penalties based on the violator's knowledge of the violation. It also introduces provisions for emergency cease and desist orders in situations posing immediate danger to public health or safety.

Furthermore, the bill mandates the commissioner of insurance 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 bill ultimately aims to streamline insurance reporting and compliance processes while enhancing consumer protection in the insurance market.

Statutes affected:
As introduced: 40-108, 40-2, 40-4902, 40-2253