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Committee advances captive-insurance overhaul with fee amendment
Summary
The Committee on Insurance passed House Bill 23‑34, which updates the Captive Insurance Act and enacts a protected-cell captive statute; members adopted an amendment allowing the commissioner discretion to set a renewal/application fee of up to $2,500.
The Committee on Insurance voted to pass House Bill 23‑34 favorably out of committee after discussion and a single adopted amendment. The bill updates terms, conditions, and definitions in the Kansas Captive Insurance Act, authorizes provisional certificates of authority and would enact the Kansas Protected Cell Captive Insurance Company Act, according to the committee staff summary.
Eileen, the committee staff member summarizing the bill, told members: "House…
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