Division of the Budget Landon State Office Building Phone: (785) 296-2436 900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov Topeka, KS 66612 http://budget.kansas.gov Adam Proffitt, Director Laura Kelly, Governor Division of the Budget January 18, 2023 The Honorable Jeff Longbine, Chairperson Senate Committee on Financial Institutions and Insurance 300 SW 10th Avenue, Room 546-S Topeka, Kansas 66612 Dear Senator Longbine: SUBJECT: Fiscal Note for SB 15 by Senate Committee on Financial Institutions and Insurance In accordance with KSA 75-3715a, the following fiscal note concerning SB 15 is respectfully submitted to your committee. Under current law, an insurance company is required to make a written demand to an agent or broker in order to establish prima facie evidence that an agent or broker used or applied the premium for a purpose other than paying the company. SB 15 would remove the requirement of a written demand to establish prima facie evidence. The Kansas Insurance Department, the Kansas Department of Corrections, and the Kansas Judicial Branch all state that SB 15 would not have a fiscal effect. Sincerely, Adam Proffitt Director of the Budget cc: Vicki Jacobsen, Judiciary Bobbi Mariani, Insurance Department Randy Bowman, Department of Corrections