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Minutes for HB2100 - Committee on Insurance

Short Title

Updating the version of risk-based capital instructions in effect.

Minutes Content for Mon, Jan 30, 2023

The Chairman opened the hearing on HB2100.

Eileen Ma, Revisor provided a briefing of the bill.(Attachment 1)

Proponents:

Eric Turek, Kansas Insurance Department provided testimony for the bill.(Attachment 2)

This bill updates the version from "2021" to "2022" of the risk-based capital (RBC) instructions that companies are required to utilize as they calculate and report RBC.  This same change has been made by the Legislature each year since 2009.

 

Opponents: None

Neutral: None

No questions on this bill.

The Chairman closed the hearing on HB2100.