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Bill

SB 472

Authorizing the administrator to set and the commissioner of insurance to cause to be published in the Kansas register certain fees and eliminating the 10% credit to the state general fund required of fee funded agencies as reimbursement for certain services provided by the state.

2025-2026 Regular Session

Kansas bill grants insurance commissioner unilateral fee-setting authority while eliminating required 10% state general fund contributions from insurance regulatory agencies.

Died on Calendar
#insurance #securities
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Bill Summary · SB 472

Legislative bill overview

SB 472 grants the insurance commissioner authority to set and publish insurance-related fees directly in the Kansas Register, while eliminating a requirement that fee-funded insurance agencies return 10% of their revenues to the state general fund as reimbursement for state services. This represents a shift in how insurance regulatory fees are managed and how those agencies contribute to overall state finances.

Why is this important

Insurance regulatory fees fund the operations of state insurance oversight—a function that protects consumers and maintains market stability. Changes to fee-setting authority and general fund contributions directly affect state budget allocations and the financial sustainability of insurance regulation. This impacts both the insurance industry (which pays these fees) and state government's overall fiscal health.

Potential points of contention

  • Budget impact: Eliminating the 10% general fund reimbursement reduces state revenue, requiring either compensatory funding elsewhere or reduced state services
  • Fee-setting accountability: Shifting fee authority to the commissioner may reduce legislative oversight of regulatory costs, potentially allowing fees to rise without explicit legislative approval
  • Industry competitiveness: Lower required contributions to the general fund could benefit Kansas insurers relative to competitors in other states, raising fairness questions

Compiled from official sources — confirm details with the bill’s official record.

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