2023-2024
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May 11, 2024
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House Status:
Adjourned until Monday, January 13, 2025 at 02:00 p.m.
Senate Status:
Adjourned until Monday, January 13, 2025 at 02:00 p.m.
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Financial Institutions and Insurance
Senate Committee on Financial Institutions and Insurance
Committee Assistant: Suzanne Nelson 785-296-7367
[email protected]
To request committee agendas or submit testimony please email
[email protected]
. All testimony submissions must be in pdf format.
Meeting Day: Daily Time: 9:30 am Location: 546-S
Room 546-S Audio Stream
Agendas & Minutes
Committee Documents
Committee Testimony
2023 Action Index
2024 Action Index
Bills, Resolutions and Appointments
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Bills In Committee
SB16 - Discontinuing certain exemptions from the pharmacy benefits manager act.
SB51 - Authorizing the state bank commissioner to accept state and national criminal history record checks from private entities.
SB62 - Enacting the protect vulnerable adults from financial exploitation act, requiring reporting of instances of suspected financial exploitation under certain circumstances and providing civil and administrative immunity to individuals who make such reports.
SB76 - Providing for an exemption from continuing education licensure requirements for certain insurance producers.
SB199 - Authorizing the state banking board to deny, suspend or revoke a charter of a fiduciary financial institution in certain circumstances, requiring fiduciary financial institutions to purchase a surety bond and establishing a civil money penalty for violations of the technology-enabled fiduciary financial institutions act.
SB204 - Replacing the definition of "charitable beneficiaries" with "qualified charities" in the technology-enabled fiduciary financial institutions act.
SB236 - Requiring drug manufacturers to provide pricing under the federal 340B drug pricing program to pharmacies that enter into contractual agreements with entities covered under the 340B program and prohibiting pharmacy benefits managers from denying patients the freedom to use the pharmacy and healthcare provider of such patient's choice.
SB245 - Enacting the commercial financing disclosure act, requiring certain disclosures when making commercial financing product transactions, requiring registration with state bank commissioner, obtaining a surety bond, providing for civil penalties and rules and regulations by the commissioner and authorizing enforcement of such act by the attorney general.
SB256 - Providing KPERS 3 members an additional interest credit of 1% for calendar year 2023.
SB302 - Suspending fidfin transactions, custodial services and trust business of technology-enabled fiduciary financial institutions until the legislature expressly consents to and approves such activities by an act of the legislature and requiring the legislature to conduct a forensic audit of technology-enabled fiduciary financial institutions.
SB388 - Increasing the amount of retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned by a retirant in a calendar year.
SB396 - Reducing the waiting period for a KPERS retirant to return to work for a participating employer during a period beginning July 1, 2024, and ending July 1, 2029.
SB397 - Eliminating annual controlled business reporting requirements placed on title agents and insurers.
SB447 - Directing the state treasurer to establish a mortgage insurance program for certain individuals and establishing the homes for every local protector, educator and responder act of Kansas.
SB495 - Modifying certain terms, definitions, deadlines and provisions contained in the uniform consumer credit code and transferring certain mortgage provisions from the uniform consumer credit code to the Kansas mortgage business act.
SB502 - Terminating the KPERS 3 cash balance plan and transferring the members of such plan to the KPERS 2 plan.
SB512 - Prohibiting insurance companies from using environmental, social and governance criteria in the process of writing contracts of insurance, indemnity or suretyship, authorizing the attorney general or the county attorney or district attorney where a violation occurred to enforce such prohibition and providing a civil penalty for violations thereof.
SB521 - Enacting the "Defense of affordable prescriptions act" to prohibit certain discriminatory actions related to reimbursement of entities participating in the federal 340B drug pricing program.
SB540 - Prohibiting certain discriminatory actions related to reimbursement of entities participating in the federal 340B drug pricing program.
HB2103 - Substitute for HB 2103 by Committee on Financial Institutions and Pensions - Eliminating the statutory 15% alternative investment limit for the KPERS fund and requiring the KPERS board to establish an alternative investment percentage limit.
HB2133 - Providing that fiduciary financial institutions shall be overseen, supervised and examined by the office of the state bank commissioner as a chartered trust company, allowing a fiduciary financial institution to refer to itself as a trust company in legal or regulatory filings or disclosures to existing or prospective customers or investors and authorizing a fiduciary financial institution to exercise fiduciary powers and full trust powers and to engage as a trust company under state and federal law.
HB2198 - Providing membership affiliation in the Kansas police and firemen's retirement system for certain law enforcement officers and employees of the Kansas department of wildlife and parks.
HB2646 - Senate Substitute for HB 2646 by Committee on Education - Transferring teachers from the KPERS 3 cash balance plan to the KPERS 2 plan and defining teachers for purposes of KPERS.
HB2810 - Amending the Kansas life and health guaranty association act to include health maintenance organizations as member insurers and broadening the assessment base for long-term care insurance insolvencies.
HB2834 - Transferring officers, employees, powers, duties and functions relating to the state health care benefits program from the division of the state employee health benefits plan of the department of administration to the insurance department, establishing the commissioner of insurance as the chairperson of the Kansas state employees health care commission, providing that all management functions of such commission be administered by the commissioner of insurance and eliminating a pilot program regarding employer contributions for certain children.
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3
Sponsored Bills
SB14 - Updating the version of risk-based capital instructions in effect.
SB15 - Increasing the maximum amount of yearly income tax credits available for purchases under the disability employment act from qualified vendors, continuing in existence such credits beyond tax year 2023 of eligible purchases available for such credit and further defining qualifying vendors and employees eligible for the credit, establishing a grant program to facilitate transitions by employers to minimum wage employment for persons with disabilities and creating the Kansas sheltered workshop transition fund.
SB16 - Discontinuing certain exemptions from the pharmacy benefits manager act.
SB17 - Expanding the use of bond proceeds under the Kansas reinvestment housing incentive district act and the transferability of income, privilege and premium tax credits issued under the Kansas housing investor tax credit act.
SB18 - Adding certain legal entities to the definition of "person" thereby making such entities subject to penalties for violations of insurance law.
SB19 - Establishing the Kansas national guard educational master's for enhanced readiness and global excellence (EMERGE) program and the EMERGE program repayment fund and requiring school districts to establish requirements for cardiac emergency response plans.
SB24 - Changing the required number of employees contained in the definitions of "large employer" and "small employer" for purposes of coverage for autism spectrum disorder.
SB25 - Making and concerning appropriations for fiscal years 2023, 2024, 2025, 2026, 2027 and 2028 for various state agencies; constituting the omnibus reconciliation spending limit bill for the 2023 regular session.
SB26 - Creating a civil cause of action against a physician who performs childhood gender reassignment service and requiring revocation of a physician's license who performs childhood gender reassignment service.
SB27 - Reconciling multiple amendments to certain statutes.
SB28 - Making and concerning supplemental appropriations for fiscal years 2024 and 2025 and appropriations for fiscal years 2025, 2026, 2027 and 2028 for various state agencies.
SB44 - Enacting the Kansas financial institutions information security act.
SB51 - Authorizing the state bank commissioner to accept state and national criminal history record checks from private entities.
SB62 - Enacting the protect vulnerable adults from financial exploitation act, requiring reporting of instances of suspected financial exploitation under certain circumstances and providing civil and administrative immunity to individuals who make such reports.
SB76 - Providing for an exemption from continuing education licensure requirements for certain insurance producers.
SB85 - Enacting the Kansas travel insurance act.
SB104 - Allowing a surcharge when purchases are made with a credit or debit card.
SB119 - Updating certain statutory references contained in chapter 40 of the Kansas Statutes Annotated; specifying certain requirements of documents submitted by medicare provider organizations and health maintenance organizations to demonstrate fiscal soundness; removing the requirement of a documented written demand for premium as part of a prima facie case; adding certain legal entities to the definition of person for purposes of violations of insurance law; and updating the version of risk-based capital instructions in effect.
SB338 - Changing certain reporting requirements of group-funded liability and workers compensation pools.
SB339 - Prohibiting the state department of education from distributing or expending state foundation aid moneys in fiscal year 2025 to a school district that has no students enrolled in and attending school in such school district in school year 2024-2025.
SB340 - Removing automobile club from the definition of person for purposes of enforcing penalties for violations of insurance law.
SB356 - Updating certain terms, definitions and conditions relating to the requirements of certain insurance reports, examinations and transactions.
SB388 - Increasing the amount of retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned by a retirant in a calendar year.
SB396 - Reducing the waiting period for a KPERS retirant to return to work for a participating employer during a period beginning July 1, 2024, and ending July 1, 2029.
SB397 - Eliminating annual controlled business reporting requirements placed on title agents and insurers.
SB398 - Authorizing the commissioner of insurance to set the amount of certain fees and requiring the publication of such fees in the Kansas register.
SB405 - Holding a control person liable for violations of the Kansas uniform securities act by an individual subject to discipline under the act unless the control person was unaware and could not reasonably have known of the violations of such individual.
SB406 - Enacting the Kansas money transmission act.
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.
SB495 - Modifying certain terms, definitions, deadlines and provisions contained in the uniform consumer credit code and transferring certain mortgage provisions from the uniform consumer credit code to the Kansas mortgage business act.
HB2247 - Senate Substitute for HB 2247 by Committee on Financial Institutions and Insurance - Modifying certain terms, definitions, deadlines and provisions contained in the uniform consumer credit code and transferring mortgage provisions from the uniform consumer credit code to the Kansas mortgage business act.
Click
here
to download a spreadsheet compatible file of Legislator information for this committee.
Chair
Sen. Jeff Longbine
Vice Chair
Sen. Michael Fagg
Ranking Minority Member
Sen. Cindy Holscher
Sen. Jeff Pittman
Members
Senate
Sen. Brenda Dietrich
Sen. Beverly Gossage
Sen. Rick Kloos
Sen. Robert Olson
Sen. Kellie Warren
Staff
Suzanne Nelson - Committee Assistant
Iraida Orr - Legislative Research
Melissa Renick - Legislative Research
Leighann Thone - Legislative Research
Eileen Ma - Office of Revisor of Statutes
Tamera Lawrence - Office of Revisor of Statutes
2024. Powered by KLISS. Rendered: 2024-05-11T09:56:51. Head Rev No: 773267(I)