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 C. Proffitt, Director Laura Kelly, Governor
Division of the Budget
February 7, 2024
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 423 by Senate Committee on Financial Institutions and
Insurance
In accordance with KSA 75-3715a, the following fiscal note concerning SB 423 is
respectfully submitted to your committee.
The bill would reduce the number of certain board members appointed by the Insurance
Commissioner, effective January 1, 2025. These organizations would include the Kansas
Automobile Insurance Plan, the Kansas Workers Compensation Insurance Plan Governing Board,
the Kansas Automobile Assigned Claims Plan, the Health Care Provider Insurance Availability
Plan Board of Directors, and the Kansas Underground Storage Tank Liability Plan Board of
Governors. The bill would also eliminate the requirement for the Committee on the Surety Bonds
and Insurance to meet at least once a month on the second Monday of each month at the Kansas
Insurance Department.
The Kansas Insurance Department states that the enactment of the bill would not have a
fiscal effect.
Sincerely,
Adam C. Proffitt
Director of the Budget
cc: Bobbi Mariani, Insurance Department