State agency faces a troublesome financial issue that could cause regulatory problems The Kansas Insurance Department has encountered a serious financial problem. A trend in which state legislators would waive the fees that insurance companies must pay the Insurance Department has left the agency’s regulatory fund empty. Now, the agency is seeking approval from the Kansas Legislature to increase the fees that insurers must pay to operate in the state. Senate Bill 322 has been introduced in order to provide the agency with the power to increase these fees when…
Read MoreKansas Insurance Department struggles with financial woes
