SB474

Kansas SB474 establishes the Kansas short-term limited duration insurance act, setting definitions, disclosure, premium, renewal, and underwriting.

Kansas SB474 enacts the Kansas short-term limited duration insurance act, defining terms like "covered individual" and "short-term insurance plan." It mandates insurers to disclose specific information to applicants in bold 12-point type. The act outlines premium, renewal, and underwriting requirements, exempts short-term policies from certain federal laws, and requires the commissioner of insurance to adopt rules and regulations to implement and administer the act. The act also amends and repeals existing sections related to insurance.