Article 33.--ACTIONS RELATING TO COMMERCIAL ACTIVITY
60-3356.Same; definitions.As used in this act, the following words and phrases shall havethe meaningascribed to them in this section: (a) "Commissioner" means the commissioner ofinsurance or thecommissioner's authorized designee.
(b) "Insurance company" or "insurer" shall have the meaning ascribed to theterminsurer in K.S.A. 40-112 and amendments thereto.
(c) "Insurance compliance audit" means a voluntary, internal evaluation,review,assessment, audit or investigation for the purpose of identifying orpreventing noncompliancewith, or promoting compliance with laws, regulations, orders, or industry orprofessionalstandards, which is conducted by or on behalf of any insurance company licensedor regulated under the Kansas insurance code, or which involves an activityregulated under the Kansasinsurance code.Once initiated anaudit shall be completed within a reasonable period of time. Nothing in thissection shall be construed to authorize uninterrupted or continuousauditing.
(d) "Insurance compliance self-evaluative audit document" means any documentprepared as a result of or in connection with an insurance compliance audit. An insurancecompliance self-evaluative audit document may include:
(1) A written response to the findings of an insurance compliance audit.
(2) Any supporting information is collected or developed for the primarypurpose and inthe course of an insurance compliance audit including, but is not limited to,field notes andrecords of observations, findings, opinions, suggestions, conclusions, drafts,memoranda,drawings, photographs, exhibits, computer-generated or electronically recordedinformation,phone records, maps, charts, graphs and surveys.
(3) Any of the following:
(A) An insurance compliance audit report prepared by an auditor, who may bean employee of the insurance company or an independent contractor, which mayinclude the scopeof the audit, the information gained in the audit, and conclusions andrecommendations, withexhibits and appendices;
(B) memoranda and documents analyzing portions or all of the insurancecomplianceaudit report and discussing potential implementation issues;
(C) an implementation plan that addresses correcting past noncompliance,improvingcurrent compliance, and preventing future noncompliance; or
(D) analytic data generated in the course of conducting the insurancecompliance audit.
(e) Presiding officer shall have the meaning ascribed to it in K.S.A. 77-514and amendmentsthereto.
Article 33.--ACTIONS RELATING TO COMMERCIAL ACTIVITY
60-3356.Same; definitions.As used in this act, the following words and phrases shall havethe meaningascribed to them in this section: (a) "Commissioner" means the commissioner ofinsurance or thecommissioner's authorized designee.
(b) "Insurance company" or "insurer" shall have the meaning ascribed to theterminsurer in K.S.A. 40-112 and amendments thereto.
(c) "Insurance compliance audit" means a voluntary, internal evaluation,review,assessment, audit or investigation for the purpose of identifying orpreventing noncompliancewith, or promoting compliance with laws, regulations, orders, or industry orprofessionalstandards, which is conducted by or on behalf of any insurance company licensedor regulated under the Kansas insurance code, or which involves an activityregulated under the Kansasinsurance code.Once initiated anaudit shall be completed within a reasonable period of time. Nothing in thissection shall be construed to authorize uninterrupted or continuousauditing.
(d) "Insurance compliance self-evaluative audit document" means any documentprepared as a result of or in connection with an insurance compliance audit. An insurancecompliance self-evaluative audit document may include:
(1) A written response to the findings of an insurance compliance audit.
(2) Any supporting information is collected or developed for the primarypurpose and inthe course of an insurance compliance audit including, but is not limited to,field notes andrecords of observations, findings, opinions, suggestions, conclusions, drafts,memoranda,drawings, photographs, exhibits, computer-generated or electronically recordedinformation,phone records, maps, charts, graphs and surveys.
(3) Any of the following:
(A) An insurance compliance audit report prepared by an auditor, who may bean employee of the insurance company or an independent contractor, which mayinclude the scopeof the audit, the information gained in the audit, and conclusions andrecommendations, withexhibits and appendices;
(B) memoranda and documents analyzing portions or all of the insurancecomplianceaudit report and discussing potential implementation issues;
(C) an implementation plan that addresses correcting past noncompliance,improvingcurrent compliance, and preventing future noncompliance; or
(D) analytic data generated in the course of conducting the insurancecompliance audit.
(e) Presiding officer shall have the meaning ascribed to it in K.S.A. 77-514and amendmentsthereto.
Article 33.--ACTIONS RELATING TO COMMERCIAL ACTIVITY
60-3356.Same; definitions.As used in this act, the following words and phrases shall havethe meaningascribed to them in this section: (a) "Commissioner" means the commissioner ofinsurance or thecommissioner's authorized designee.
(b) "Insurance company" or "insurer" shall have the meaning ascribed to theterminsurer in K.S.A. 40-112 and amendments thereto.
(c) "Insurance compliance audit" means a voluntary, internal evaluation,review,assessment, audit or investigation for the purpose of identifying orpreventing noncompliancewith, or promoting compliance with laws, regulations, orders, or industry orprofessionalstandards, which is conducted by or on behalf of any insurance company licensedor regulated under the Kansas insurance code, or which involves an activityregulated under the Kansasinsurance code.Once initiated anaudit shall be completed within a reasonable period of time. Nothing in thissection shall be construed to authorize uninterrupted or continuousauditing.
(d) "Insurance compliance self-evaluative audit document" means any documentprepared as a result of or in connection with an insurance compliance audit. An insurancecompliance self-evaluative audit document may include:
(1) A written response to the findings of an insurance compliance audit.
(2) Any supporting information is collected or developed for the primarypurpose and inthe course of an insurance compliance audit including, but is not limited to,field notes andrecords of observations, findings, opinions, suggestions, conclusions, drafts,memoranda,drawings, photographs, exhibits, computer-generated or electronically recordedinformation,phone records, maps, charts, graphs and surveys.
(3) Any of the following:
(A) An insurance compliance audit report prepared by an auditor, who may bean employee of the insurance company or an independent contractor, which mayinclude the scopeof the audit, the information gained in the audit, and conclusions andrecommendations, withexhibits and appendices;
(B) memoranda and documents analyzing portions or all of the insurancecomplianceaudit report and discussing potential implementation issues;
(C) an implementation plan that addresses correcting past noncompliance,improvingcurrent compliance, and preventing future noncompliance; or
(D) analytic data generated in the course of conducting the insurancecompliance audit.
(e) Presiding officer shall have the meaning ascribed to it in K.S.A. 77-514and amendmentsthereto.
