Session of 2023
HOUSE BILL No. 2096
By Committee on Insurance
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AN ACT concerning insurance; relating to premium tax; adjusting the
basis upon which certain premium tax calculations are made; requiring
such premium taxes to be paid 90 days after each calendar year and
basing such premium taxes upon the gross premiums collected for the
previous calendar year; amending K.S.A. 12-2624 and 44-588 and
repealing the existing sections.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 12-2624 is hereby amended to read as follows: 12-
2624. In addition to the fees required to be paid in K.S.A. 12-2622 12-
2623, and amendments thereto, and as a condition precedent to the
continuation of the certificate of authority provided in this act, all group-
funded pools shall pay no not later than 90 days after the end of each fiscal
calendar year a tax upon the annual Kansas gross premium collected by
the pool at the rate of 1% per annum applied to the collective premium
relating to all Kansas members of the pool for the preceding fiscal
calendar year. In the computation of the tax, all pools shall be entitled to
deduct any annual Kansas gross premiums returned on account of
cancellation or dividends returned to members of such pools or
expenditures used for the purchase of specific and aggregate excess
insurance, as provided in subsection (h) of K.S.A. 12-2618(h), and
amendments thereto.
Sec. 2. K.S.A. 44-588 is hereby amended to read as follows: 44-588.
In addition to the fees required to be paid in K.S.A. 44-587, and
amendments thereto, and as a condition precedent to the continuation of
the certificate of authority provided in this act, all group-funded workers'
compensation funds shall pay no not later than 90 days after the end of
each fiscal calendar year a tax upon the annual Kansas gross premium
collected by the pool at the rate of 1% per annum applied to the collective
premium relating to all Kansas members of the pool for the preceding
fiscal calendar year. In the computation of the tax, all pools shall be
entitled to deduct any annual Kansas gross premiums returned on account
of cancellation or dividends returned to members of such pools or
expenditures used for the purchase of specific and aggregate excess
insurance, as provided in subsection (a) of K.S.A. 44-582(a), and
amendments thereto.
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Sec. 3. K.S.A. 12-2624 and 44-588 are hereby repealed.
Sec. 4. This act shall take effect and be in force from and after its
publication in the statute book.
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