Kansas Insurance Commissioner Vicki Schmidt will be serving as the Midwest Zone Chair for the National Association of Insurance Commissioners (NAIC) in 2025. Committee assignments will be announced in January of 2025. “I look forward to leading the discussion on …
Kansas Insurance Commissioner Vicki Schmidt announced, that the Kansas Department of Insurance has made its annual distribution to local Firefighter Relief Associations (FRAs). Pursuant to the Kansas Firefighters Relief Act, $18,912,365.52 has been distributed among 553 local FRAs throughout the …
Kansas Insurance Commissioner Vicki Schmidt announced last week that an Overland Park man has been sentenced to 12 months of probation for insurance fraud. Matthew Finholm, age 43, pleaded guilty in the District Court of Johnson County to one misdemeanor …
Insurance companies in Kansas will pay a reduced surplus lines tax rate beginning next year after the legislature passed a law lowering the surplus tax rate from 6% to 3% for tax years 2024 and after. Kansas insurance Commissioner Vicki …
Kansas producer licensing fees will be reduced by $1.2 million beginning in January, 2024, Insurance Commissioner Vicki Schmidt announced. Resident producer application fees will be reduced from $30 to $15, and non-resident producer fees will be reduced from $80 to …
The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into liquidation pursuant to a petition filed by the Commissioner of Insurance. The court ruled MAX to be insolvent on August …
The Kansas Insurance Department distributed $16.8 million to firefighters across the state, funds generated by a two percent tax paid by insurance companies on fire and lightning insurance premiums written in Kansas. The Kansas Firefighters Relief Act was created in …
Kansas Insurance Commissioner Vicki Schmidt announced there will not be a Workers Compensation Fund assessment this year. Carriers, pools, and self-insured businesses will not be required to pay into the assessment fund for fiscal year (FY) 2024. This will reduce …
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Insurance Department recovered $4.12 million in insurance funds for Kansans in the first eight months of 2022. “When Kansans call the Insurance Department, we work diligently to help make sure they receive …
John Wine, current assistant commissioner at the Kansas Insurance Department (KID), has been named securities commissioner within the department, and Clark Shultz has been tapped as Wine’s successor as assistant commissioner. The administrative changes are a result of the upcoming …
