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HB 2540

Kansas - Session 2025-2026

House passed_lower 2026-03-13
Bill Details

Title: HB2540 - Exempting contingent deferred annuities from certain requirements of the standard nonforfeiture law for individual deferred annuities act and authorizing the commissioner of insurance to establish nonforfeiture benefits for such contingent deferred annuities through rules and regulations.

Summary

AN ACT concerning insurance; relating to the standard nonforfeiture law for individual deferred annuities; exempting contingent deferred annuities from certain provisions therefrom; authorizing the commissioner of insurance to regulate such contingent deferred annuities through the adoption of rules and regulations; amending K.S.A. 40-4,102 and repealing the existing section.

Sponsor
Committee on Insurance
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Actions Timeline
Date Event Detail
2026-01-26 Introduced Bill introduced
2026-03-13 Status passed_lower
2026-03-13 Latest Action Final Action - Passed; Yea: 39 Nay: 0
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