Kansas 2023-2024 Regular Session

Kansas House Bill HB2714

Introduced

2/6/24

Refer

2/6/24

Report Pass

2/20/24

Caption

Reducing the number of appointed board members on certain insurance-related governing boards and the frequency of meetings of the committee on surety bonds and insurance.

Impact

If enacted, HB 2714 will impact the organizational structure of insurance governance in Kansas by simplifying the composition of boards that oversee insurance practices. It is expected to enhance the efficiency of claims processing and compliance with state insurance mandates, thereby potentially benefiting policyholders who rely on timely access to insurance benefits. The changes could lead to more robust practices in managing financial responsibilities tied to insurance providers, especially in dealing with personal injury claims and environmental liabilities.

Summary

House Bill 2714 aims to amend various sections of Kansas insurance law to streamline governance and operational procedures for insurance-related boards. The bill proposes reducing the number of members on certain governing boards appointed by the commissioner of insurance, while also changing the frequency of required meetings for the committee on surety bonds and insurance. Notably, the bill intends to centralize and facilitate better management of assigned claims plans, which are crucial for managing personal injury protection benefits and maintaining insurance compliance in the state.

Contention

While the bill is largely aimed at improving governance and administrative efficiency within the state's insurance regulatory framework, it may face contention from stakeholders who are concerned about reduced oversight. Critics may argue that fewer governing members could lead to conflicts of interest or diminished representation of public interests. Additionally, there are concerns among consumer protection advocates regarding the potential impacts on the fair treatment of policyholders if decision-making becomes less transparent as a result of these governance changes.

Latest HB2714 Activity

Companion Bills

No companion bills found.

Similar Bills

KS SB423

Reducing the number of appointed board members on certain insurance-related governing boards and the frequency of meetings of the the committee on surety bonds and insurance.

KS SB20

Reducing the number of board members appointed by the commissioner on certain insurance-related boards and the frequency of the meetings of the committee on surety bonds and insurance.

KS HB2045

Reducing certain license fees and training requirements for child care staff, creating a process for day care facility licensees to apply for temporary waiver of certain statutory requirements, authorizing the secretary of health and environment to develop and operate pilot programs to increase child care availability or capacity, transferring certain child care programs to the Kansas office of early childhood and creating day care licensing duties of the director of early childhood.

KS 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.