Kansas HB2087 allows certain nonadmitted insurers to transact business in Kansas and requires the commissioner of insurance to maintain a list of.
Kansas HB2087 authorizes certain nonadmitted insurers to transact business in Kansas, specifically for vehicle dealers and excess coverage insurance on Kansas risks. The bill mandates the commissioner of insurance to maintain a list of eligible nonadmitted insurers. Insurers must meet specific capital or surplus requirements to be listed. The bill also outlines procedures for excess lines agents to obtain written consent from insureds before placing coverage with nonadmitted insurers and mandates specific disclosures on policies issued by nonadmitted insurers.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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