KANSAS INSURANCE DEPARTMENT

Notice of Hearing on Proposed

Administrative Regulations

A public hearing will be conducted at 10:00 a.m., Wednesday, August 22, 2007, in the third floor conference room, Kansas Insurance Department, 420 S.W. 9th, Topeka, Kansas, to consider the adoption of proposed changes in an existing rule and regulation.

The 60-day notice of the public hearing shall constitute a public comment period for purpose of receiving written public comments on the proposed rule and regulation. All interested parties may submit written comments prior to the hearing to Deletria Nash, Kansas Insurance Department, 420 S.W. 9th, Topeka, Kansas, 66612-1678, via facsimile at 785-291-3673, or via email at dnash@ksinsurance.org. All interested parties will be given a reasonable opportunity to present their views orally on the adoption of the proposed amendments to the regulation during the hearing.

A summary of the proposed regulation and its economic impact follows.

K.A.R. 40-1-37. Insurance companies; Audited financial reports; filing requirements. This regulation adopts this Department’s Policy and Procedure Requiring Annual Auditing Financial Reports dated October 20, 2005. Our Policy and Procedure adopts, by reference, the National Association of Insurance Commissioners model regulation by reference with few exceptions. The Kansas exceptions to the model regulation reflect specific reference to Kansas laws.

There is no fiscal impact on the insurance industry given that insurance companies currently voluntarily comply with the National Association of Insurance Commissioners model regulation. There is also little or no fiscal impact on consumers, the Kansas Insurance Department, and other governmental agencies.

Any individual with a disability may request accommodation in order to participate in the public hearing and may request the proposed regulation and the economic impact statement in an accessible format. Requests for accommodation to participate in the hearing should be made at least 5 working days in advance by contacting Deletria Nash at (785) 296-4140 or via email at dnash@ksinsurance.org. Any individual desiring a copy of this regulation and/or the policy and procedure that is being adopted by reference, if applicable, may obtain a copy from our website, www.ksinsurance.org, under the Legal Issues link or by contacting Deletria Nash by phone at (785)296-4140 or via email at dnash@ksinsurance.org. The charge for copies is fifty cents per page.