HB2050: Authorizing the commissioner of insurance to set the amount of certain fees and cause the publication of such fees in the Kansas register, authorizing the commissioner to reduce the number of board members on certain insurance-related boards, renaming the Kansas insurance department as the Kansas department of insurance, renaming the office of the securities commissioner as the department of insurance, securities division, renaming the securities commissioner as the department of insurance, assistant commissioner, securities division and eliminating the requirement of senate confirmation for appointees to such position, requiring the commissioner of insurance to maintain a list of eligible nonadmitted insurers and authorizing such nonadmitted insurers to transact business in Kansas with vehicle dealers and to provide excess coverage insurance on Kansas risks.
Plain-Language Summary
This bill gives the insurance commissioner more flexibility to set fees and make changes to certain boards. It also renames some state agencies and allows non-admitted insurers to do business with vehicle dealers and provide extra coverage in Kansas.
Who This Affects
Kansans who buy or sell vehicles, as well as those seeking excess coverage for their risks, may be affected by this bill. Additionally, the insurance commissioner's office will have more flexibility in setting fees and making changes to certain boards.
Key Provisions
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Timeline
Introduced
Monday, January 20, 2025
Last Action
House Approved by Governor on Tuesday, April 8, 2025
Apr 9, 2025
Sponsors
No sponsors listed.
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