(Jan. 14, 2025) – Today, the Senate Financial Institutions and Insurance Committee, chaired by Senator Brenda Dietrich (R-Topeka), heard bill introductions from the Kansas Department of Insurance on the following topics:

• Discretion for the commissioner to lower fees and the elimination of the employment renewal fee
• Reduction of the time for insurance companies to respond to the Department of Insurance when it concerns a complaint
• Concerns the decrease of appointed members to regulatory boards under the jurisdiction of the commissioner
• Concerns the definition of persons within the department enforcement statute and repealing reports submitted to the governor
• Concerns the producer and public adjusters' statutes and bringing parity to those statutes
• Concerns title insurance and the title insurance agents' annual audits, requiring their reports to be made available upon request and requiring a uniform surety bond for those agents across the state
• Concerns third-party administrators creating separate fiduciary accounts for each of those payers and requiring that admin notify the department in cases of bankruptcy filings

The committee will meet again next week.