KANSAS INSURANCE DEPARTMENT

 

Notice of Hearing on Proposed

Administrative Regulations

 

            A public hearing will be conducted at 1:30 p.m., February 8, 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 regulations and their economic impact follows.

 

K.A.R. 40-3-5.  Fire and casualty insurance; rating organizations; filing of forms.   This proposed regulation defines terms applicable to rating organizations and outlines the requirements for filing forms with the Commissioner of Insurance. The primary changes to K.A.R. 40-3-5 are the removal of repealed statutes and the addition of current ones.  The remaining changes are technical. 

 

There is no economic impact on insurers, consumers, the Kansas Insurance Department, and other governmental agencies, if any. 

 

K.A.R. 40-3-12.  Fire and casualty insurance companies; rating plans; requirements.  This proposed regulation defines terms applicable to rating plans and outlines the requirements for individual risk rating plans. The primary changes to K.A.R. 40-3-12 are the removal of repealed statutes and the addition of current ones.  The remaining changes are technical. 

 

There is no economic impact on insurers, consumers, the Kansas Insurance Department, and other governmental agencies, if any. 

 

K.A.R. 40-3-47.  Fire and casualty insurance; rating organizations; filing of final rates prohibited; kinds of insurance affected.  This proposed regulation specifies which lines of business rating organizations must develop forms for and file those forms with the Commissioner of Insurance for perspective loss cost. The primary changes to K.A.R. 40-3-47 are the removal of repealed statutes and the addition of current ones as well as the removal of deadlines that have passed for developing and filing forms for certain lines of business. 

 

The department has created a policy and procedure regarding perspective loss costs filings that adopts by reference the March 20, 1990 edition of the National Association of Insurance Commissioners Prospective Loss Costs Filing forms entitled “Insurer Rate Filing Adoption of Rating Organization Prospective Loss Costs Reference Filing Form” and “Insurer Rate Filing Adoption of Rating Organization Prospective Loss Costs Summary of Supporting Information Form.”  The remaining changes are technical. 

 

There is no economic impact on insurers, consumers, the Kansas Insurance Department, and other governmental agencies, if any. 

 

 

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 these regulations 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.