Kansas 2023-2024 Regular Session

Kansas House Bill HB2714

Introduced
2/6/24  
Refer
2/6/24  

Caption

Reducing the number of appointed board members on certain insurance-related governing boards and the frequency of meetings of the committee on surety bonds and insurance.

Impact

If enacted, HB 2714 will impact the organizational structure of insurance governance in Kansas by simplifying the composition of boards that oversee insurance practices. It is expected to enhance the efficiency of claims processing and compliance with state insurance mandates, thereby potentially benefiting policyholders who rely on timely access to insurance benefits. The changes could lead to more robust practices in managing financial responsibilities tied to insurance providers, especially in dealing with personal injury claims and environmental liabilities.

Summary

House Bill 2714 aims to amend various sections of Kansas insurance law to streamline governance and operational procedures for insurance-related boards. The bill proposes reducing the number of members on certain governing boards appointed by the commissioner of insurance, while also changing the frequency of required meetings for the committee on surety bonds and insurance. Notably, the bill intends to centralize and facilitate better management of assigned claims plans, which are crucial for managing personal injury protection benefits and maintaining insurance compliance in the state.

Contention

While the bill is largely aimed at improving governance and administrative efficiency within the state's insurance regulatory framework, it may face contention from stakeholders who are concerned about reduced oversight. Critics may argue that fewer governing members could lead to conflicts of interest or diminished representation of public interests. Additionally, there are concerns among consumer protection advocates regarding the potential impacts on the fair treatment of policyholders if decision-making becomes less transparent as a result of these governance changes.

Companion Bills

No companion bills found.

Previously Filed As

KS HB2050

Authorizing the commissioner of insurance to set the amount of certain fees and cause the publication of such fees in the Kansas register, authorizing the commissioner to reduce the number of board members on certain insurance-related boards, renaming the Kansas insurance department as the Kansas department of insurance, renaming the office of the securities commissioner as the department of insurance, securities division, renaming the securities commissioner as the department of insurance, assistant commissioner, securities division and eliminating the requirement of senate confirmation for appointees to such position, requiring the commissioner of insurance to maintain a list of eligible nonadmitted insurers and authorizing such nonadmitted insurers to transact business in Kansas with vehicle dealers and to provide excess coverage insurance on Kansas risks.

KS HB2145

Substitute for HB 2145 by Committee on Local Government - Establishing the Butler county fair board to consist of 15 members, providing for the appointment of members to such board and allowing up to five members of such board to be appointed from the county at large.

KS HB2334

Enacting the Kansas protected cell captive insurance company act, providing for the redomestication of a foreign or alien captive insurance company and updating certain terms, requirements and conditions of the captive insurance act, reducing insurance company premium tax rates, creating parity between the insurance agent and public adjuster licensing requirements, authorizing insurers to file certain travel insurance policies under the accident and health line of insurance and authorizing the commissioner of insurance to select and announce the version of certain instructions, calculations and documents in effect for the upcoming calendar year and cause such announcement to be published in the Kansas register not later than December 1 of the current year.

KS SB32

Reducing insurance company premium tax rates and discontinuing remittance and crediting of a portion of the premium tax to the insurance department service regulation fund.

KS H0948

An act relating to membership of the Retired Employees’ Committee on Insurance

KS HB5136

Relating to membership on and the applicability of the open meetings law to the governing board of a children's advocacy center.

KS SB421

(New Title) relative to the membership and duties of the trauma medical review committee and establishing a study committee to review the membership and duties of other boards and an appointment related to emergency medical services.

KS SB42

Providing for the establishment of a web-based online insurance verification system for the verification of evidence of motor vehicle liability insurance, eliminating the requirement that the commissioner of insurance submit certain reports to the governor and requiring certain reports be available on the insurance department's website, removing certain entities from the definition of person for the purpose of enforcing insurance law, requiring that third party administrators maintain separate fiduciary accounts for individual payors and prohibiting the commingling of funds held on behalf of multiple payors, requiring the disclosure to the commissioner of insurance of any bankruptcy petition filed by or on behalf of such administrator pursuant to the United State bankruptcy code, requiring title agents to make their reports available for inspection upon request of the commissioner of insurance instead of submitting such reports annually, standardizing the amount of surety bonds filed with the commissioner of insurance at $100,000 and eliminating the small business exemption in certain counties.

KS HB3566

Relating to the frequency of county bail bond board meetings.

KS SB1549

Relating to the frequency of county bail bond board meetings.

Similar Bills

AL HB443

Article V Convention; process for appointing commissioners and alternate commissioners to represent the State of Alabama at Article V Convention established

CT SJ00039

Resolution Confirming The Decision Of The Claims Commissioner To Dismiss Certain Claims Against The State.

TN HB1499

AN ACT to amend Tennessee Code Annotated, Title 3, Chapter 18, relative to Article V conventions.

TN SB1567

AN ACT to amend Tennessee Code Annotated, Title 3, Chapter 18, relative to Article V conventions.

CT SJ00058

Resolution Confirming The Decision Of The Claims Commissioner To Dismiss Certain Claims Against The State.

CA AB1936

Insurance Commissioner qualifications.

MI HCR0002

A concurrent resolution prescribing the Rules of the Legislature for Selecting Commissioners to an Article V Convention.

CA AB1931

Insurance: home protection companies.