12-2623. Group-funded pools fee fund; payment of operating expenditures; expenses of administration; assessments; deposit of remittances.
12-2623
12-2623. Group-funded pools fee fund; payment of
operating expenditures; expenses of administration; assessments; deposit of
remittances.
The expense of state supervision of the group-funded pools
shall be financed in the following manner:
(a) There is hereby created in the state treasury a fund to be called
the group-funded pools fee fund. All amounts which
are required to be paid from the group-funded pools fee fund for the
operating expenditures
incident to the supervision of the group-funded pools shall be paid from
the group-funded pools fee
fund. The commissioner of insurance shall be responsible for administering
the group-funded pools fee fund and all payments from
the fund shall be upon warrants of the director
of accounts and reports issued pursuant to vouchers approved by the commissioner
of insurance or a person or persons designated by the commissioner.
(b) The commissioner of insurance shall estimate as soon as practical
after January 1 of each year the expenses necessary for the supervision
of the group-funded pools for the fiscal year beginning
on July 1 thereafter. Not later than June 1 of each year, the commissioner
of insurance shall notify all such group-funded pools of the amount of each
assessment imposed under this subsection on
such group-funded pools and the same shall be due
and payable to the commissioner on the July 1 following.
(c) The commissioner of insurance shall remit all moneys received by or
for such remittance to the state treasurer in accordance with the provisions
of K.S.A. 75-4215, and amendments thereto. Upon receipt
of each such remittance, the state treasurer shall
deposit the
entire amount
in the state treasury to the credit of the group-funded pools
fee fund.
History: L. 1987, ch. 74, § 8;
L. 2001, ch. 5, § 53; July 1.