40-5905 Same; definitions.
40-5905. Same; definitions. For the purposes of this act: (a) (1) “Covered service” means any service or material for which: (A) Reimbursement from the vision care insurance or health benefit plan is provided for by an insured’s vision care insurance plan or health benefit plan contract subject to the application of the vision care insurance […]
40-5906 Citation of act; administration of act.
40-5906. Citation of act; administration of act. (a) K.S.A. 40-5901 through 40-5906, and amendments thereto, shall be known and may be cited as the vision care services act. (b) The commissioner of insurance shall administer the provisions of the vision care services act and may adopt such rules and regulations as necessary to carry out […]
40-6001 Risk management and own risk and solvency assessment act.
40-6001. Risk management and own risk and solvency assessment act. (a) This act shall be known and may be cited as the risk management and own risk and solvency assessment act. (b) The risk management and own risk and solvency assessment act provides the requirements for maintaining a risk management framework and completing an own […]
40-6002 Same; definitions.
40-6002. Same; definitions. As used in this act: (a) “Act” means the risk management and own risk and solvency assessment act. (b) “Commissioner” means the state commissioner of insurance. (c) “Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in K.S.A. 40-3302, and amendments thereto. (d) “Insurer” has […]
40-6003 Same; risk management framework required.
40-6003. Same; risk management framework required. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the […]
40-6004 Same; annual assessment required.
40-6004. Same; annual assessment required. Subject to K.S.A. 40-6006, and amendments thereto, an insurer or the insurance group of which the insurer is a member shall regularly conduct an ORSA consistent with a process comparable to the ORSA guidance manual. The ORSA shall be conducted no less than annually, but also at any time when […]
40-6005 Same; reporting.
40-6005. Same; reporting. (a) Upon the commissioner’s request, and no more than once each year, an insurer shall submit to the commissioner an ORSA summary report or any combination of reports that together contain the information described in the ORSA guidance manual, applicable to the insurer and the insurance group of which it is a […]
40-6006 Same; exemptions.
40-6006. Same; exemptions. (a) An insurer shall be exempt from the requirements of this act if: (1) The insurer has annual written and unaffiliated assumed premium, including international direct and assumed premium but excluding premiums reinsured with the federal crop insurance corporation and federal flood program, less than $500,000,000; and (2) The insurance group of […]
40-6007 Same; confidentiality.
40-6007. Same; confidentiality. (a) Documents, materials or other information, including the ORSA summary report, in the possession or control of the department of insurance that are obtained or created by or disclosed to the commissioner or any other person under this act, are recognized by this state as being proprietary and to contain trade secrets. […]
40-5802 Same; consent required to send electronic notices and documents, exceptions.
40-5802. Same; consent required to send electronic notices and documents, exceptions. (a) This act allows the use of electronic notices and documents in lieu of any other provision of law for the sending of insurance notices and documents. Except as provided in subsection (b), in order to send electronic notices and documents to another party […]