40-2142. Fair plan act; requirements. (a) This act shall be known and may be cited as the fair access to insurance requirements plan act, or the FAIR plan act.
(b) The purpose of this act is to make available basic property and casualty insurance to persons having property interests in this state who are in good faith entitled to, but who are unable to, procure such coverage through the voluntary market. The FAIR plan shall provide for the equitable distribution and placement of risks among all member insurers who have voluntarily elected to participate and shall operate subject to the provisions and conditions of this act. This act supersedes the prior authority of the FAIR plan to act under K.S.A. 40-2101, and amendments thereto.
(c) All policies shall be issued on the forms and in accordance with the reasonable rates and rating procedures approved by the commissioner of insurance.
(d) All policies shall be issued for a term of one year.
(e) Within 60 days of the filing of the proposed rates, the commissioner of insurance shall enter an order either approving or disapproving, in whole or in part, the rate plan filed. The commissioner of insurance may, upon notice to the facility, extend the period for entering an order for an additional 30 days. No policies or endorsements shall be issued applying the proposed rates until such time as the commissioner of insurance approves such rates. An order disapproving a rate shall state the grounds for the disapproval and the findings in support thereof.
(f) The commissioner of insurance may adopt rules and regulations to administer the provisions of this act. Any such rules and regulations deemed necessary shall be promulgated no later than January 1, 2018.
History: L. 2017, ch. 6, ยง 1; July 1.
Structure Kansas Statutes
Article 21 - Miscellaneous Provisions
40-2101 Apportionment agreements among insurers as to persons unable to procure certain insurance.
40-2103 Same; payment of commissions.
40-2104 Same; invalidity of part.
40-2110 Same; payment of commissions.
40-2114 Participating insurer may pay commission to other participating insurer or agent.
40-2115 Hearings; compliance with 40-281 and the Kansas administrative procedure act.
40-2116 Rules and regulations.
40-2117 Uninsurable health insurance plan; citation of act.
40-2118 Uninsurable health insurance plan; definitions.
40-2120 Same; plan administering carrier, selection, functions.
40-2125 Same; loans to finance plan commencement, repayment.
40-2127 Same; annual financial report to commissioner; financial examination by commissioner.
40-2129 Same; commissioner's recommendations for plan improvements to joint committee, when.
40-2131 Same; health service provider agreements; charge to insured not permitted, when.
40-2132 Long-term care partnership act; citation of act.
40-2135 Same; duties of commissioner.
40-2137 Same; rules and regulations.
40-2138 Payment of claims by property insurer; requirements; dual endorsement not required.
40-2139 Commissions not administrative expenses for purposes of medical loss ratio.
40-2140 Law enforcement officer health insurance; continuation.
40-2141 Emergency personnel health insurance; continuation.
40-2142 Fair plan act; requirements.
40-2143 Predetermination of health care benefits act; predetermination request procedures.