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HB2540: Exempting contingent deferred annuities from certain requirements of the standard nonforfeiture law for individual deferred annuities act and authorizing the commissioner of insurance to establish nonforfeiture benefits for such contingent deferred annuities through rules and regulations.
Passed BothHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill changes rules for a type of insurance product called contingent deferred annuities. It allows the state's insurance commissioner to set new rules for these products.
Who This Affects
Kansans who buy or sell contingent deferred annuities will be affected by this change. Insurance companies and their customers will need to follow the new rules.
Key Provisions
• Exempts contingent deferred annuities from certain requirements of the standard nonforfeiture law
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Timeline
Introduced
Sunday, January 25, 2026
Last Action
House Approved by Governor on Friday, March 20, 2026
Mar 22, 2026
Sponsors
No sponsors listed.
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