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Bill would let insurance commissioner set annual fee ceilings and make agent appointments perpetual; department cites $6 million in annual renewals
Summary
House Bill 2050 would convert several fixed statutory fees into maximums the insurance commissioner may set by Dec. 1 each year, and would eliminate the annual appointment renewal fee so companies pay only once for agent appointment; the department estimated the renewal change reduces revenue about $6 million.
House Bill 2050 was presented to the House Insurance Committee. The bill would change several flat statutory fees into maximum amounts and give the insurance commissioner authority to set the annual fee by Dec. 1 for the coming year and publish it in the Kansas Register. The measure would also change the agent appointment process so companies pay the appointment fee only when initially appointing an agent rather than as an annual renewal fee.
Why it matters: The department said the change gives it flexibility to lower fees administratively (it used similar authority in 2023 to reduce agent licensure fees and…
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