The bill amends Kansas insurance law by restructuring the governance of insurance-related boards. It reduces the number of board members appointed by the commissioner from nine to five, effective January 1, 2026. The new composition will include three representatives from insurers, one from independent insurance agents, and one from the general public. Additionally, the requirement for annual meetings of the governing boards is removed, and the language regarding the preparation and submission of plans for equitable apportionment among insurers is streamlined to clarify the roles of the involved parties.

Moreover, the bill establishes a governing committee for the assigned claims plan, also consisting of five members with similar representation requirements, ensuring fair representation of both foreign and domestic insurers. It replaces the term "board of directors" with "governing board" and outlines a process for the commissioner to review and approve insurance plans, including a specified notice period for disapproval. The bill also introduces provisions for professional liability insurance for certain healthcare professionals and allows state agencies and educational institutions to purchase various types of insurance independently. Several existing statutes related to insurance and healthcare coverage are repealed, with the act taking effect upon publication in the statute book.

Statutes affected:
As introduced: 40-2102, 40-2109, 40-3116, 40-3413, 75-4101