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Insurance Commissioner Vicki Schmidt outlines consumer recoveries, protections for vulnerable adults and legislative proposals
Summary
Insurance Commissioner Vicki Schmidt updated the Senate FINI committee on department outreach, consumer recoveries, implementation of last year's vulnerable‑adult protections, and proposed bills including an insurance savings account, civil penalties for fraud, and a real‑time insurance verification system.
Insurance Commissioner Vicki Schmidt gave the Senate FINI committee a broad update on the Kansas Insurance Department’s consumer assistance work, outreach efforts and several legislative proposals the department is advancing this year.
Schmidt said the department’s mission is to “regulate, educate, and advocate,” and she described prior legislative changes that reduced the cost of doing business in Kansas. She cited several dollar figures tied to departmental fee reductions and other measures since she took office, saying those changes have reduced costs to businesses and producers and that the department has lowered certain licensing fees and assessments.
On consumer assistance, Schmidt said the department’s Consumer Assistance Division has returned money to Kansans each year and that the office’s total recoveries since she took office exceed $145 million. She credited expanded outreach — including participation in the state fair, free continuing education for agents, and the SmartInvestKS program…
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