The bill amends Kansas insurance law to streamline the governance of insurance-related boards and committees. It reduces the number of board members appointed by the commissioner for certain boards from nine to five, effective January 1, 2026. The new structure will include three representatives from insurers, one from independent insurance agents, and one from the general public. Additionally, the frequency of meetings for the committee on surety bonds and insurance is modified, requiring the governing boards to meet at least annually instead of more frequently. The bill also emphasizes cooperation among insurers in preparing plans for equitable apportionment, ensuring that applicants entitled to insurance can obtain it through appropriate channels.

Moreover, the bill revises the governance structure of insurance plans, allowing for the transfer of excess losses and expenses over earned premiums from the fund, limited to once every three months. It mandates that the commissioner of insurance and the governing board review insurance plans for compliance, with provisions for hearings if a plan is disapproved. The bill establishes a committee on surety bonds and insurance, detailing their responsibilities regarding insurance procurement, while allowing for the purchase of various types of insurance independently. It also repeals several existing statutes and specifies that it will take effect upon publication in the Kansas register, with a consistent change in terminology from "health care" to "healthcare."

Statutes affected:
As introduced: 40-2102, 40-2109, 40-3116, 40-3413, 75-4101
As Amended by Senate Committee: 40-2102, 40-2109, 40-3116, 40-3413, 75-4101