Kansas 2025-2026 Regular Session

Kansas House Bill HB2043

Introduced
1/21/25  
Refer
1/21/25  
Report Pass
1/30/25  
Engrossed
2/10/25  
Refer
2/11/25  

Caption

Requiring agents and insurers to respond to inquiries from the commissioner of insurance within 14 calendar days and authorizing certain rebate pilot programs to exceed one year in duration.

Impact

The bill is expected to significantly impact state laws related to insurance practices. By amending existing statutes, this legislation aims to prevent misleading representations and ensure that potential violations of business conduct in the insurance sector are addressed swiftly. This promotes a more structured regulatory framework, aimed at safeguarding consumers against unfair treatment while enhancing overall trust in insurance providers. The requirement for timely responses is particularly important in light of previous concerns about delays from insurers that could affect consumer protections.

Summary

House Bill 2043 addresses critical areas within the insurance industry in Kansas, specifically targeting unfair and deceptive acts or practices. The bill mandates that agents and insurers must respond to inquiries from the commissioner of insurance within 14 calendar days. This strict timeline is designed to enhance accountability and ensure timely communication between insurance entities and regulatory bodies. In addition, the bill permits pilot programs for rebates to exceed a duration of one year, which may incentivize insurers to offer new products or services aimed at increasing consumer engagement and satisfaction.

Contention

Discussion surrounding HB 2043 may center on the balance between ensuring regulation and the operational flexibility of insurance companies. Supporters argue that the swift communication requirements would lead to better consumer outcomes and improved practices within the industry. Critics, however, could contend that imposing strict timelines might burden smaller insurance entities, potentially stifling innovation and adaptability. Moreover, the allowance for pilot rebate programs may lead to contention over the equitable distribution of benefits among consumers, especially in how regulations might affect pricing strategies and market competition.

Companion Bills

No companion bills found.

Similar Bills

KS SB23

Requiring agents and insurers to respond to inquiries from the commissioner of insurance within 14 calendar days and authorizing certain rebate pilot programs to exceed one year in duration.

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