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Fee bill would let insurance commissioner set annual fees up to statutory ceilings; department says change reduces renewals and cuts ~$6M revenue
Summary
The Financial Institutions and Insurance Committee on Feb. 25 heard House Bill 2,050, which would let the insurance commissioner set fee amounts annually up to statutory ceilings and would change the agent appointment fee to a one‑time charge for newly certified agents.
The Financial Institutions and Insurance Committee on Feb. 25 heard House Bill 2,050, a fee‑setting bill that would change many flat statutory fees in the insurance code into maximum ceilings the Commissioner of Insurance could set annually.
Eric Turek of the Kansas Department of Insurance said the bill would allow the department to set fee amounts up to statutory ceilings by Dec. 1 for the following year and publish those amounts in the Kansas Register. The bill would remove the annual renewal appointment fee…
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