12-2623.   Group-funded pools fee fund; payment ofoperating expenditures; expenses of administration; assessments; deposit ofremittances.The expense of state supervision of the group-funded poolsshall be financed in the following manner:

      (a)   There is hereby created in the state treasury a fund to be calledthe group-funded pools fee fund. All amounts whichare required to be paid from the group-funded pools fee fund for theoperating expendituresincident to the supervision of the group-funded pools shall be paid fromthe group-funded pools feefund. The commissioner of insurance shall be responsible for administeringthe group-funded pools fee fund and all payments fromthe fund shall be upon warrants of the directorof accounts and reports issued pursuant to vouchers approved by the commissionerof insurance or a person or persons designated by the commissioner.

      (b)   The commissioner of insurance shall estimate as soon as practicalafter January 1 of each year the expenses necessary for the supervisionof the group-funded pools for the fiscal year beginningon July 1 thereafter. Not later than June 1 of each year, the commissionerof insurance shall notify all such group-funded pools of the amount of eachassessment imposed under this subsection onsuch group-funded pools and the same shall be dueand payable to the commissioner on the July 1 following.

      (c)   The commissioner of insurance shall remit all moneys received by orfor such remittance to the state treasurer in accordance with the provisionsof K.S.A. 75-4215, and amendments thereto. Upon receiptof each such remittance, the state treasurer shalldeposit theentire amountin the state treasury to the credit of the group-funded poolsfee fund.

      History:   L. 1987, ch. 74, § 8;L. 2001, ch. 5, § 53; July 1.