The Kansas Real Time Motor Vehicle Insurance Verification Act establishes a web-based online insurance verification system for motor vehicle liability insurance, which will replace current verification methods and serve as the exclusive electronic means for insurance verification in the state. Insurers are required to collaborate with the commissioner of insurance to ensure the system is operational by July 1, 2026. The bill also includes provisions for data security and confidentiality, allowing insurers to engage third-party vendors to assist in the verification process. Additionally, it amends existing statutes by eliminating the requirement for the commissioner to submit annual reports to the governor, instead mandating publication on the insurance department's website, and modifies the definition of "person" for enforcement purposes.

Moreover, the bill introduces new regulations to enhance consumer protections in the insurance industry, particularly regarding data privacy and preventing unfair discrimination. It specifies that insurers must base the availability of value-added products on documented objective criteria and allows for pilot programs under certain conditions. The bill also outlines unfair claim settlement practices, mandates complaint handling procedures, and requires title insurance companies to disclose any financial interests in transactions. It establishes fiduciary responsibilities for insurance administrators, including maintaining separate accounts for payors and providing detailed transaction accounting. The act will take effect upon publication in the statute book, with several sections of existing law being repealed.

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