Kansas 2025-2026 Regular Session

Kansas House Bill HB2128

Introduced
1/28/25  
Refer
1/28/25  
Report Pass
2/17/25  
Engrossed
2/20/25  
Refer
2/26/25  

Caption

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, allowing certain life insurers to follow health financial reports and adopting certain provisions from the national association of insurance commissioners holding company system regulatory act relating to group capital calculations and liquidity stress testing.

Impact

The bill amends several sections of the Kansas Statutes Annotated related to insurance regulations, particularly concerning risk-based capital (RBC) reports and the operations of insurance holding companies. This legislative move aims to enhance transparency and regulatory rigor by adopting provisions from the National Association of Insurance Commissioners (NAIC). The potential impact of these amendments includes improved regulatory compliance from insurers and better assessment of financial health through group capital calculations and liquidity stress testing, which are essential for maintaining the stability of the insurance market.

Summary

House Bill 2128 proposes significant changes to the regulation of insurance in Kansas. The bill authorizes the commissioner of insurance to select and publish specific instructions, calculations, and documents relevant to insurance regulation for each calendar year, ensuring that stakeholders are aware of the applicable guidelines. Moreover, it allows certain life insurers to adopt health financial reporting methods, which could align more closely with broader health insurance practices, thereby updating and modernizing financial oversight within the sector.

Contention

There are notable points of contention surrounding the implications of House Bill 2128. Supporters argue that these updates will lead to more uniform and effective regulatory practices that align Kansas' insurance laws with national standards. However, critics may raise concerns about the burden these additional reporting requirements could impose on small insurers, impacting their operational flexibility. The balance that the bill strikes between regulatory compliance and the operational realities faced by insurers—especially smaller firms—will be a pivotal aspect of the discussions as it moves forward.

Companion Bills

No companion bills found.

Previously Filed As

KS HB2001

Authorizing the secretary of commerce to enter into agreements with major professional sports franchises to establish STAR bond projects for a major professional sports complex, providing for additional revenue sources, expanding the powers and discretion of the secretary and making other changes to the STAR bonds financing act to facilitate such projects, limiting the secretary’s authority to approve such projects to one year unless extended by the legislative coordinating council, authorizing the Kansas development finance authority to issue STAR bonds for such projects, transferring funds under certain circumstances from the state gaming revenues fund to the attracting professional sports to Kansas fund for the fiscal year ending June 30, 2025, and, if approved by the legislative coordinating council, for the fiscal year ending June 30, 2026.

KS HB2002

Expanding medical assistance eligibility and enacting the cutting healthcare costs for all Kansans act.

KS SB1

Modifying income tax rates for individuals, exempting all social security benefits from Kansas income tax, increasing the Kansas standard deduction and the Kansas personal exemption, increasing the income tax credit amount for household and dependent care expenses, decreasing the privilege tax normal tax, excluding internal revenue code section 1031 exchange transactions as indicators of fair market value for property tax valuation purposes, increasing the extent of property tax exemption for residential property from the statewide school levy, providing for certain transfers to the state school district finance fund and abolishing the local ad valorem tax reduction fund and the county and city revenue sharing fund.

KS SB7

Authorizing federally licensed firearm dealers, in addition to county sheriffs, to receive applications for concealed carry licenses and forward such applications to the attorney general, prohibiting sheriffs from assessing any fee related to application services and allowing dealers to assess a fee related to application services not to exceed $20.

KS HB2003

Establishing the veterans' valor property tax relief act providing for an income tax credit or refund for eligible individuals, modifying the definition of household income and increasing the appraised value threshold for eligibility of seniors and disabled veterans related to increased property tax claims and citing the section as the homeowners' property tax freeze program, providing property tax exemptions for certain personal property including watercraft, marine equipment, off-road vehicles, motorized bicycles and certain trailers, excluding internal revenue code section 1031 exchange transactions as indicators of fair market value, providing for certain exclusions from the prohibition of paying taxes under protest after a valuation notice appeal and providing four prior years' values on the annual valuation notice.

KS SB2

Eliminating the income limit to qualify for the subtraction modification exempting social security benefits, increasing the income tax credit amount for household and dependent care expenses, establishing the veterans' valor property tax relief act providing for an income tax credit or refund for eligible individuals, citing the increased property tax homestead refund claim section as the homeowners' property tax freeze program, decreasing the normal privilege tax rate, increasing the extent of property tax exemption for residential property from the statewide school levy, decreasing the rate of ad valorem tax imposed by a school district; providing for certain transfers to the state school district finance fund, reducing the state rate of tax on sales of food and food ingredients and modifying the percent credited to the state highway fund from revenue collected.

KS SB5

Authorizing counties to impose an earnings tax.

KS HB2004

Authorizing counties to propose an earnings tax for ballot question.

KS SCR1602

Approving the creation of a port authority in Wyandotte County Kansas.

KS SB3

Clarifying the procedures and restrictions on accepting a nomination for an elected office.

Similar Bills

NJ A3821

Requires evidence-based early reading instruction be implemented in public schools.

MO SB1119

Creates procedures for the appointment of commissioners to a convention called under Article V of the U.S. Constitution

MO SB437

Creates procedures for the appointment of commissioners to a convention called under Article V of the U.S. Constitution

NJ A424

Directs State Board of Education to authorize general science endorsement to instructional certificate.

NJ A2096

Requires board of education to directly employ certain professionals; permits board of education to contract for certain personnel; permits use of virtual or remote instruction for public school students in certain circumstances.

NJ S3697

Requires board of education to directly employ certain professionals; permits board of education to contract for certain personnel; permits use of virtual or remote instruction for public school students in certain circumstances.

NJ S268

Directs Commissioner of Education to establish three-year pilot program to increase reading levels of certain students; appropriates $1 million.

NJ S3773

Requires school programs of virtual or remote instruction to be implemented primarily through use of virtual instructional sessions.