Licensing Requirements: Excess lines brokers are required to be licensed under Kansas law. Kan. Stat. Ann. § 40-246b; Kan. Stat. Ann. § 40-4906. To receive an excess lines coverage license, the
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? Yes. An insurance agent or broker who
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Licensed insurance producers may charge a fee in addition
Compensation must be based upon a written agreement between the producer and insured specifying the amount of such compensation. Kan. Stat. Ann. § 40-4911. Federal and state legislative activity is
What entities are covered? “A person that conducts business in [Kansas], or a government, governmental subdivision or agency that owns or licenses computerized data that includes personal information.” § 50-7a02(a).