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40-970

Chapter 40.--INSURANCE Article 9.--GENERAL PROVISIONS RELATING TO FIRE INSURANCE COMPANIES

40-970. Property/casualty flex-rating regulatoryimprovement act; rate increase or decrease, limitation on.Notwithstanding the requirements of K.S.A. 40-952 and40-955, and amendments thereto, a filing made by an insurer for personalinsurance under this sectionthatprovides for an overallstatewide rate increase or decrease of no more than 12%in the aggregate forall coverages that aresubject to the filing may take effect the date it is filed. The 12% limitationshall not apply on anindividual insured basis. No more than one rate filing may be made by aninsurer pursuant to theexpedited process provided in this section during any period of 12consecutive months, unlessthe combination of such rate filing and all other rate filings made by suchinsurer within thepreceding period of 12 consecutive months does not result in an overallstatewide increase ordecrease of more than 12% in the aggregate for all coverages that are subjectto such filing.

History: L. 2008, ch. 144, § 2; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article9 > Statutes_17439

40-970

Chapter 40.--INSURANCE Article 9.--GENERAL PROVISIONS RELATING TO FIRE INSURANCE COMPANIES

40-970. Property/casualty flex-rating regulatoryimprovement act; rate increase or decrease, limitation on.Notwithstanding the requirements of K.S.A. 40-952 and40-955, and amendments thereto, a filing made by an insurer for personalinsurance under this sectionthatprovides for an overallstatewide rate increase or decrease of no more than 12%in the aggregate forall coverages that aresubject to the filing may take effect the date it is filed. The 12% limitationshall not apply on anindividual insured basis. No more than one rate filing may be made by aninsurer pursuant to theexpedited process provided in this section during any period of 12consecutive months, unlessthe combination of such rate filing and all other rate filings made by suchinsurer within thepreceding period of 12 consecutive months does not result in an overallstatewide increase ordecrease of more than 12% in the aggregate for all coverages that are subjectto such filing.

History: L. 2008, ch. 144, § 2; July 1.

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Statutes > Kansas > Chapter40 > Article9 > Statutes_17439

40-970

Chapter 40.--INSURANCE Article 9.--GENERAL PROVISIONS RELATING TO FIRE INSURANCE COMPANIES

40-970. Property/casualty flex-rating regulatoryimprovement act; rate increase or decrease, limitation on.Notwithstanding the requirements of K.S.A. 40-952 and40-955, and amendments thereto, a filing made by an insurer for personalinsurance under this sectionthatprovides for an overallstatewide rate increase or decrease of no more than 12%in the aggregate forall coverages that aresubject to the filing may take effect the date it is filed. The 12% limitationshall not apply on anindividual insured basis. No more than one rate filing may be made by aninsurer pursuant to theexpedited process provided in this section during any period of 12consecutive months, unlessthe combination of such rate filing and all other rate filings made by suchinsurer within thepreceding period of 12 consecutive months does not result in an overallstatewide increase ordecrease of more than 12% in the aggregate for all coverages that are subjectto such filing.

History: L. 2008, ch. 144, § 2; July 1.