As Amended by Senate Committee on Financial
Institutions and Insurance

HB 2100, as amended, would amend the effective date
specified in the Insurance Code for the risk-based capital
(RBC) instructions promulgated by the National Association of
Insurance Commissioners (NAIC) for property and casualty
companies and for life insurance companies. The instructions
currently specified became effective on December 31, 2021.
The bill would update the effective date of the RBC
instructions to December 31, 2022.
The bill would be in effect upon publication in the
Kansas Register.

The bill was introduced by the House Committee on
Insurance at the request of the Kansas Insurance Department
[Note: A companion bill, SB 14, has been introduced in
the Senate.]

House Committee on Insurance
In the House Committee hearing, a representative of the
Department provided proponent testimony, stating the goal
of RBC is to ensure each Kansas domestic insurance
*Supplemental notes are prepared by the Legislative Research
Department and do not express legislative intent. The supplemental
note and fiscal note for this bill may be accessed on the Internet at
company has the required amount of capital needed to
support its overall business operations in consideration of its
size and risk profile. The representative also noted
amendments to the effective date of the instructions have
been made each year since 2009.
[Note: In 2009, a legislative oversight process for
updating the annual RBC instructions was established. This
process allows the Department to update the requirements by
rules and regulations, unless one of two statutory triggers has
been met.]
No other testimony was provided.

Senate Committee on Financial Institutions and
In the Senate Committee hearing, an overview of the bill
was provided and proponent testimony submitted by the
Department was made available.
The Senate Committee amended the bill to change the
effective date to upon publication in the Kansas Register.

Fiscal Information
According to the fiscal note prepared by the Division of
the Budget on the bill, as introduced, the Department
indicates enactment of the bill would have no fiscal effect.
Insurance; risk-based capital; NAIC; reporting

2- 2100

Statutes affected:
As introduced: 40-2c01
As Amended by Senate Committee: 40-2c01
Enrolled - Law effective July 1, 2023: 74-4921
Enrolled: 74-4921