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March 19, 2025
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Senate Committee on Financial Institutions and Insurance

  • Committee Assistant: Jackie Gutierrez 785-296-7648
  • [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

    Bills, Resolutions and Appointments

    Bills In Committee
    SB16 - Prohibiting discrimination by financial services companies on the basis of social credit score and requiring registered investment advisers to obtain written consent from clients prior to investing client moneys in mutual funds, equity funds, companies and financial institutions that engage in ideological boycotts.
    SB34 - Authorizing the KPERS board of trustees to invest in bitcoin exchange-traded products and providing requirements, limitations and definitions regarding such investments.
    SB55 - Prohibiting the assignment of benefits under certain property and casualty insurance contracts and defining such assignment of benefits as an unfair method of competition and unfair or deceptive act or practice.
    SB115 - Enacting the Kansas bullion depository act to authorize the state treasurer to establish, administer or contract for the administration of bullion depositories and allowing for state moneys to be deposited in such bullion depositories and invested in specie legal tender.
    SB147 - Modifying uninsured and underinsured motorist coverage liability limitations for bodily injury or death.
    SB202 - Transferring teachers from the KPERS 3 cash balance plan to the KPERS 2 plan and defining teachers for purposes of KPERS.
    SB212 - Enacting the prescription drug cost and affordability review act to establish the prescription drug pricing board and prescription drug affordability stakeholder council to review the cost of prescription medications and establish upper payment limits for certain prescription drugs.
    SB232 - Modifying investment standards of moneys of the board of trustees of the Kansas public employees retirement system certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property to authorize investment in certain foreign governments.
    SB238 - Providing a postretirement cost-of-living adjustment for certain KPERS 1 and KPERS 2 retirants and making appropriations for fiscal year 2026 for KPERS to pay the actuarial cost of such cost-of-living adjustment.
    SB282 - Enacting the Kansas retirement investment and savings plan (KRISP) act and establishing terms, conditions, requirements, membership elections, accounts, benefits, contributions and distributions related to such plan.
    HB2047 - Providing for the establishment of an online insurance verification system for the verification of evidence of motor vehicle liability insurance.
    HB2086 - Adjusting the KPERS 3 dividend interest credit by lowering the dividend interest credit threshold to 5% and increasing the dividend share to 80%.
    HB2245 - 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.
    Sponsored Bills
    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.
    SB21 - Requiring that third party administrators maintain separate fiduciary accounts for individual payors and not contain funds collected or held on behalf of multiple payors and requiring that third party administrators disclose to the commissioner of insurance any bankruptcy petition filed by or on behalf of such administrator pursuant to chapter 9 or chapter 11 of the United States bankruptcy code.
    SB22 - Requiring title agents to make their audit reports available for inspection instead of submitting such reports annually, requiring the amount of surety bonds filed with the commissioner of insurance to be $100,000 and eliminating the controlled business exemption in certain counties.
    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.
    SB24 - Authorizing the commissioner of insurance to set the amount of certain fees and requiring the publication of certain fees in the Kansas register.
    SB27 - Eliminating the requirement that the commissioner submit certain reports to the governor and removing certain specific entities from the definition of person for the purpose of enforcing insurance law.
    SB28 - Updating public adjuster and insurance agent statutes pertaining to suspension, revocation, denial of licensure and licensure renewal.
    SB42 - Providing for the establishment of an online insurance verification system for the verification of evidence of motor vehicle liability insurance.
    SB55 - Prohibiting the assignment of benefits under certain property and casualty insurance contracts and defining such assignment of benefits as an unfair method of competition and unfair or deceptive act or practice.
    SB64 - Adjusting certain internal KPERS act statutory references, extending the time for filing administrative appeals and updating provisions relating to compliance with the federal internal revenue code.
    SB121 - Authorizing the commissioner of insurance to select and announce the version of certain instructions, calculations and documents in effect for the upcoming calendar year and cause such announcement to be published in the Kansas register, allowing certain life insurers to follow health financial reports and adopting certain provisions from the national association of insurance commissioners holding company system regulatory act relating to group capital calculations and liquidity stress testing.
    SB139 - Updating certain definitions, terms and conditions relating to the state banking code.
    SB147 - Modifying uninsured and underinsured motorist coverage liability limitations for bodily injury or death.
    SB182 - Enacting the Kansas medical loss ratios for dental healthcare services plans act.
    SB238 - Providing a postretirement cost-of-living adjustment for certain KPERS 1 and KPERS 2 retirants and making appropriations for fiscal year 2026 for KPERS to pay the actuarial cost of such cost-of-living adjustment.
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    • 2025. Powered by KLISS. Rendered: 2025-03-19T16:33:58. Head Rev No: 295630(I)