Insurance Department settles legal dispute over fee sweeps

0
706

Kansas Insurance Commissioner Vicki Schmidt announced Tuesday morning that a settlement has been reached in a legal dispute with the executive branch over money diverted from the agency to cover other parts of the budget.

The budget signed by Gov. Laura Kelly calls for repaying money that had been moved from an agency account used for regulating the insurance industry. The money in the account came from fees levied against the industry for regulation.

"This case was a classic example of government overreach,” Schmidt said in a statement.

β€œInsurance agents and companies should not be on the hook for general . . .

SSJ

This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click hereΒ to login.