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HB 2334KANSASSession 2025-2026State BillSigned into law
Enacted

Kansas enacts protected cell captive insurance act, reduces premium tax rates, and permits company redomestication

Original title: AN ACT concerning insurance; relating to captive insurance companies; providing for incorporated cell captive insurance companies and protected cell captive insurance companies; enacting the Kansas protected cell captive insurance company act; providing for the redomestication of a foreign or alien captive insurance company; providing for a provisional certificate of authority; expanding the types of insurance that a captive insurance company may provide; extending the period of time in between financial examinations conducted by the commissioner; exempting a redomesticated foreign or alien captive insurance company from paying premium tax for one year; reducing insurance company premium tax rates; discontinuing remittance and crediting of a portion of the premium tax to the insurance department service regulation fund; updating the licensing requirements for insurance agents and public adjusters relating to the suspension, revocation, denial of licensure and license renewal; authorizing insurers to file certain travel insurance policies under the accident and health line of insurance; authorizing the commissioner of insurance to select and announce the version of certain instructions, calculations and documents in effect for the upcoming calendar year and cause such announcement to be published in the Kansas register; allowing certain life insurers to follow health financial reports; adopting certain provisions from the national association of insurance commissioners holding company system regulatory act relating to group capital calculations and liquidity stress testing; exempting certain entities from state regulations as health benefit plans; amending K.S.A. 40-112, 40-202, 40-252, 40-2d01, 40-3302, 40-3305, 40-3306, 40-3307, 40-3308, 40-4304, 40-4312, 40-4314, 40-4602 and 40-5510 and K.S.A. 2024 Supp. 40-2,239, 40-2c01, 40-4302, 40-4308 and 40-4909 and repealing the existing sections.

Last action · April 10, 2025: Reengrossed on Tuesday, April 1, 2025

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

The Kansas Legislature enacted the act, allowing captive insurers to establish protected or incorporated cells, enabling foreign or alien captive insurance companies to redomesticate to Kansas, and reducing certain premium tax rates. The measure also establishes minimum capital and surplus requirements for protected cell captive insurance companies and extends the interval between financial examinations.

Why it matters

Captive insurance companies operating in Kansas face new structural options for segregating assets and liabilities through s, while foreign companies gain a legal pathway to relocate their domicile to Kansas with a one-year premium tax exemption option.

Background
  • Captive insurance companies are specialized insurers formed by businesses to finance their own risks rather than purchasing commercial insurance. context
  • Protected cell structures allow insurers to segregate assets and liabilities associated with specific risks or participants, ensuring that liabilities from one cell do not impact other cells or the general account. context

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Captive insurance companies

Captive insurance companies are subject to new formation, capitalization, examination frequency, and taxation rules established by the act.

Directly affected

Foreign or alien insurance companies

Foreign or alien insurance companies are granted statutory authorization to redomesticate to Kansas and elect a one-year premium tax exemption.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is a protected cell captive insurance company under this act?
It is a that insures the risks of separate participants through participant contracts and funds its liability through one or more s, segregating the assets of each cell from other cells and the general account.
How often must financial examinations of captive insurance companies be conducted under the updated law?
The commissioner may conduct a financial examination whenever deemed necessary, but at least once every five years.
What is the minimum capital and surplus required for a protected cell captive insurance company?
A must possess and maintain unimpaired paid-in capital and surplus of not less than $100,000.

What else do you want to know?

News Coverage

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Where This Stands

Current status: Signed into law.

Procedural history

30 actions
  1. Apr 10, 2025House
    Reengrossed on Tuesday, April 1, 2025
  2. Apr 10, 2025House
    Enrolled and presented to Governor on Friday, April 4, 2025
  3. Apr 10, 2025HouseEnrolled
    Approved by Governor on Tuesday, April 8, 2025
  4. Mar 27, 2025Senate
    Conference committee report now available
  5. Mar 27, 2025SenateFloor
    Conference Committee Report was adopted
  6. Mar 27, 2025HouseFloor
    Conference Committee Report was adopted
Show 24 earlier actions
  1. Mar 24, 2025House
    Nonconcurred with amendments; Conference Committee requested; appointed , and
  2. Mar 24, 2025SenateFloor
    Motion to accede adopted; Senator Dietrich, Senator Fagg, Senator Francisco, , appointed as conferees
  3. Mar 20, 2025Senate
    Committee of the Whole - Now working on
  4. Mar 20, 2025SenateFloor
    Committee of the Whole - Committee Report be adopted
  5. Mar 20, 2025Senate
    Committee of the Whole - Motion to Amend - Offered by
  6. Mar 20, 2025SenateFloor
    Committee of the Whole - Amendment by was adopted
  7. Mar 20, 2025SenateFloor
    Committee of the Whole - Be passed as further amended
  8. Mar 20, 2025Senate
    fa_fabc_912
  9. Mar 20, 2025SenateFloor
    Emergency Final Action - Passed as amended
  10. Mar 18, 2025SenateFloor
    Committee Report recommending bill be passed as amended by
  11. Mar 12, 2025Senate
    Hearing continuation: Wednesday, March 12, 2025, 9:30 AM — Room 546-S
  12. Mar 5, 2025Senate
    Hearing: Wednesday, March 5, 2025, 9:30 AM — Room 546-S
  13. Feb 26, 2025SenateCommittee
    Referred to Senate Committee on Financial Institutions and Insurance
  14. Feb 26, 2025House
    Engrossed on Thursday, February 20, 2025
  15. Feb 25, 2025SenateIntroduced
    Received and Introduced
  16. Feb 20, 2025HouseFloor
    Final Action - Passed as amended
  17. Feb 19, 2025House
    Committee of the Whole - Now working on
  18. Feb 19, 2025HouseFloor
    Committee of the Whole - Committee Report be adopted
  19. Feb 19, 2025HouseFloor
    Committee of the Whole - Be passed as amended
  20. Feb 18, 2025HouseFloor
    Committee Report recommending bill be passed as amended by
  21. Feb 14, 2025House
    Hearing: Friday, February 14, 2025, 3:30 PM — Room 218-N
  22. Feb 12, 2025House
    Hearing: Wednesday, February 12, 2025, 3:30 PM — Room 218-N — CANCELED
  23. Feb 7, 2025HouseIntroduced
    Introduced
  24. Feb 7, 2025HouseCommittee
    Referred to House Committee on Insurance

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Extension of Examination Interval

The statutory interval between required financial examinations for captive insurance companies is extended from three years to five years.

Connected Entities

House Committee on Insurance, Kansas, National Association of Insurance Commissioners
OrganizationHouse Committee on Insurance“Sponsoring committee of the bill”Map →
locationKansas“State jurisdiction enacting the legislation”Map →
OrganizationNational Association of Insurance Commissioners“Organization publishing examiner handbooks and receiving confidential reports”Map →

Sources

Open source document

www.kslegislature.gov

Analysis Score

0–100
  • Significance75
    How much this matters to a regular citizen
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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