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June 2018 VIEW PUBLICATION →

REGULATORY ACTIVITY:

  • Issued Bulletin 2018-1 regarding legislative mandate of sweep of the service regulation fund. The purpose of this Bulletin is to provide notice, pursuant to K.S.A. 75-3036 (b), to all persons and entities that have paid money to the Kansas Insurance Department (KID) Service Regulation Fund in the past 24 months, of the pending sweep of $8 million dollars from the Fund to the State General Fund (SGF). House Substitute for Senate Bill 109, signed by Governor Colyer on May 15, 2018, effectively sweeps $8 million dollars from KID’s Service Regulation Fund into the SGF.  Under K.S.A. 75-3036(b), when a fee agency receives money for a specific purpose and the money is subsequently transferred into the SGF for general government services, the person or entity shall receive notice of the sweep by the fee agency.   To view the bulletin, go to http://www.ksinsurance.org/department/LegalIssues/bulletins.php.


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