Proposed Regulations

Documents on this page may be in PDF format unless otherwise indicated.

Regulation Number and Description	Proposed Action	Public Hearing
KAR 40-1-53 Suitability in annuity transactions. This is a new regulation adopting the Kansas Insurance Department’s Policy and Procedure Regarding Suitability in Annuity Transactions, dated January 29, 2022. The policy and procedure is based upon model language from the National Association of Insurance Commissioners’ (“NAIC”) model regulation #275. The regulation will replace existing K.A.R. 40-2-14a.	Adoption	May 25,2023 8:30am
KAR 40-2-31 Minimum requirements for viaticating a policy. This is a new regulation that establishes minimum percentage requirements for payments to an insured when they sell a policy to a viatical settlement provider.	Adoption	May 25,2023 8:30am