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Committee reviews bill removing some commissioner reporting duties and simplifying enforcement definition
Summary
Senate Bill 27 would eliminate certain annual reporting requirements to the governor and streamline the statutory definition of "person" in insurance enforcement statutes; department witnesses said much of the material is already published online and the change is cleanup.
At a Kansas Senate Committee on Financial Institutions and Insurance hearing, committee staff member Eileen briefed members on Senate Bill 27, saying the bill would remove the statutory requirement that the insurance commissioner submit annual reports to the governor and strike several specific entities from the statutory definition of "person" in the insurance enforcement statute.
The bill amends KSA 40‑108 to delete the annual report requirement to the governor about the conduct and condition of insurance companies; amends KSA 40‑2253 to…
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