The Kansas Real Time Motor Vehicle Insurance Verification Act establishes a web-based system for the electronic verification of motor vehicle liability insurance, which will be the exclusive method for such verification in the state. Insurers are required to collaborate with the commissioner of insurance to implement this system, which must be operational by July 1, 2026. The bill also amends existing laws by removing the requirement for the commissioner to submit certain reports to the governor, instead mandating publication on the insurance department's website. It further modifies definitions and provisions related to vehicle registration, ensuring that proof of insurance can be verified electronically.

In addition to the motor vehicle insurance provisions, the bill introduces regulations for title insurance agents, including prohibitions against commingling personal and escrow funds, and mandates annual audits of accounts. It standardizes surety bond requirements, setting a uniform bond amount of $100,000, and outlines unfair practices in the insurance industry while enhancing consumer protections. The bill also addresses claim settlement practices, requiring insurers to maintain complaint records and respond to inquiries, and mandates the creation of universal claim forms for accident and sickness policies. Overall, the bill aims to improve accountability, transparency, and consumer protection within the insurance sector in Kansas.

Statutes affected:
As introduced: 8-173
As Amended by Senate Committee: 8-173
{As Amended by Senate Committee of the Whole}: 8-173
As Amended by House Committee: 8-173
Enrolled: 40-3104, 8-173, 40-108, 40-2, 40-4902, 40-1137, 40-1139, 40-2404, 40-2253, 40-3807, 40-3809