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March 24, 2023
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Senate Committee on Financial Institutions and Insurance

  • Committee Assistant: Suzanne Nelson 785-296-7367
  • suzanne.nelson@senate.ks.gov

    • Meeting Day: Daily Time: 9:30 am Location: 546-S

    Room 546-S Audio Stream

    Bills, Resolutions and Appointments

    Bills In Committee
    SB16 - Discontinuing certain exemptions from the pharmacy benefits manager act.
    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.
    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.
    HB2105 - Enacting the Kansas earned wage access services act, establishing requirements, duties and prohibitions for persons engaged in earned wage access services and providing for the administration of such act by the office of the state bank commissioner.
    HB2133 - Allowing a surcharge when purchases are made with a credit or debit card.
    HB2247 - Authorizing any person to become a bank depositor or safe deposit box leaseholder, providing methods in which bank deposits may be withdrawn and prohibiting banks from requiring a cosigner for an account of certain minors in the custody of the secretary for children and families, secretary of corrections or a federally recognized Indian tribe.
    Sponsored Bills
    SB14 - Updating the version of risk-based capital instructions in effect.
    SB15 - Removing the requirement of a documented written demand for premiums as part of a prima facie case against agents or brokers who fail to pay premiums due.
    SB16 - Discontinuing certain exemptions from the pharmacy benefits manager act.
    SB17 - Modifying the requirement to report individuals who solicit memberships on behalf of prepaid service plans from semi-annually to annually and upon application for registration and discontinuing payment of annual registration fees for such plans.
    SB18 - Adding certain legal entities to the definition of "person" thereby making such entities subject to penalties for violations of insurance law.
    SB19 - Requiring certain premium taxes to be paid 90 days after each calendar year and basing such premium taxes upon the gross premiums collected for the previous calendar year.
    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 - Decreasing the premium tax rate imposed on surplus lines insurance from 6% to 3%.
    SB26 - Specifying certain requirements necessary to demonstrate fiscal soundness for health maintenance organizations and medicare provider organizations applying for certificates of authority.
    SB27 - Authorizing the commissioner of insurance to set the amount of certain fees.
    SB28 - Discontinuing payments to certain group-funded insurance pools, refunding existing balances thereof and abolishing such funds and establishing the group-funded pools refund fund.
    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 obsolete statutory references in chapter 40 of the Kansas Statutes Annotated.
  • Click here to download a spreadsheet compatible file of Legislator information for this committee.
    • 2023. Powered by KLISS. Rendered: 2023-03-24T11:31:27. Head Rev No: 271828(I)