Kan. Gov. Signs Bill on Guaranty Claims

Kansas Gov. Kathleen Sebelius signed 11 bills on Thursday, bringing the total bills signed this session to 94. Among those she signed were:

Clarifying insurance guaranty claims
HB 2326 amends existing law on the Kansas Insurance Guaranty Association to clarify covered claims and the extent claims are payable. It sets a bar date for filing claims and clarifies the provisions for the exhaustion and offsets requirements for claims; and to reclassify priority for claims filed.

Technical clean-up on insurance law
SB 175 amends existing law by making technical changes to securities held by insurance companies. Insurance companies holding securities will be subject to provisions of the section of law, rather than to the provisions of subsection (a).