KANSAS INSURANCE DEPARTMENT

Notice of Hearing on Proposed

Administrative Regulations

A public hearing will be conducted at 9:30 a.m., February 13, 2006, in the third floor conference room, Kansas Insurance Department, 420 S.W. 9th, Topeka, Kansas, to consider the adoption of proposed changes in existing rules and regulations.

The 60-day notice of the public hearing shall constitute a public comment period for purpose of receiving written public comments on the proposed rules and regulations. 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 regulation during the hearing.

A summary of the regulation and its economic impact follows.

K.A.R. 40-2-20. Life insurance; accelerated benefits; requirements and restrictions. This proposed regulation defines terms as they relate to accelerated benefits. It sets out requirements that insurance companies shall include in life insurance contracts that offer accelerated benefits. It also sets out requirements that insurers must follow when an accelerated benefit option is exercised by consumers. Provisions are also included for waiver of premiums, permissible ways that accelerated benefits shall be funded, and restrictions on payable accelerated benefits.

This proposed regulation removes the definition of “qualifying event” and updates the history of the regulation. The remaining changes are technical only.

There will be little or no economic impact upon insurance companies, the Kansas Insurance Department, other governmental agencies, or consumers.

Any individual with a disability may request accommodation in order to participate in the public hearing and may request the proposed regulations and economic impact statements 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 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.