HB2044 Requires Third Party Administrators to Maintain Separate Fiduciary Accounts
Kansas Legislative Events
Summary
Kansas HB2044 passed requiring third party administrators to maintain separate fiduciary accounts for each individual payor and prohibiting commingling of funds from multiple payors. Administrators must also disclose any bankruptcy petition filed by or on behalf of such administrator to the commissioner of insurance.
What changed
HB2044 enacts new fiduciary account requirements for third party administrators operating in Kansas. The bill mandates that administrators maintain separate fiduciary accounts for individual payors, explicitly prohibiting the pooling or commingling of funds collected or held on behalf of multiple payors. Additionally, administrators must proactively disclose to the insurance commissioner any bankruptcy petition filed by or on behalf of the administrator.
Third party administrators providing services in Kansas must update their financial practices to ensure full segregation of payor funds into individual accounts. Administrators should establish procedures for bankruptcy disclosure to the state insurance commissioner. The bill passed both chambers with strong bipartisan support (House 105-9, Senate 40-0) and was adopted by conference committee before final enactment.
What to do next
- Review current fiduciary account practices for payor fund segregation
- Ensure no commingling of funds from multiple payors in fiduciary accounts
- Disclose any bankruptcy petition filed by or on behalf of the administrator to the Kansas insurance commissioner
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Kansas / HB2044 Passed HB2044 House Bill Passed 2025-02-07
Requiring that third party administrators maintain separate fiduciary accounts for individual payors and not contain funds collected or held on behalf of multiple payors and disclose to the commissioner of insurance any bankruptcy petition filed by or on behalf of such administrator.
Bill Details
State Kansas
Session 2025-2026 Regular Session
Chamber House
Official Source kslegislature.gov/li/b2025_26/measures/hb2...
LegiScan View on LegiScan
Sponsors
Insurance
Action History
2026-04-10 H House Conference Committee Report was adopted; Yea: 116 Nay: 4 2026-04-10 H House Motion to suspend Joint Rule 4 (k) to allow consideration adopted; 2026-04-10 S Senate Conference Committee Report was adopted; Yea: 40 Nay: 0 2026-04-10 S Senate Motion to suspend Joint Rule 4 (k) to allow consideration adopted; 2026-04-10 S Senate Conference committee report now available 2026-04-09 S Senate Senator Masterson and Senator Blasi are appointed to replace Senator Tyson and Senator Peck on the Conference Committee 2026-04-09 H House Representative Hawkins and Representative Croft are appointed to replace Representative Smith, A. and Representative Turner on the Conference Committee 2026-03-27 S Senate Senator Tyson, Senator Peck, and Senator Corson are appointed to replace Senator Dietrich, Senator Fagg, and Senator Francisco on the Conference Committee 2026-03-27 H House Representative Smith, A., Representative Turner, and Representative Sawyer are appointed to replace Representative Sutton, Representative Bergkamp, and Representative Neighbor on the Conference Committee 2025-03-20 S Senate Motion to accede adopted; Senator Dietrich, Senator Fagg and Senator Francisco appointed as conferees 2025-03-20 H House Nonconcurred with amendments; Conference Committee requested; appointed Representative Sutton , Representative Bergkamp and Representative Neighbor as conferees 2025-03-18 S Senate Final Action - Passed as amended; Yea: 40 Nay: 0 2025-03-17 S Senate Committee of the Whole - Be passed as amended 2025-03-17 S Senate Committee of the Whole - Committee Report be adopted 2025-03-11 S Senate Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Insurance 2025-02-26 S Senate Hearing: Wednesday, February 26, 2025, 9:30 AM Room 546-S 2025-02-10 S Senate Referred to Committee on Financial Institutions and Insurance 2025-02-07 S Senate Received and Introduced 2025-02-07 H House Final Action - Passed; Yea: 105 Nay: 9 2025-02-04 H House Committee Report recommending bill be passed and placed on Consent Calendar by 2025-01-29 H House Hearing: Wednesday, January 29, 2025, 3:30 PM Room 218-N 2025-01-21 H House Referred to Committee on Insurance 2025-01-21 H House Introduced
Votes
2025-02-07 House Final Action - Passed - Yea: 105 Nay: 9 Yea: 105 Nay: 9 2025-03-18 Senate Final Action - Passed as amended - Yea: 40 Nay: 0 Yea: 40 Nay: 0 2026-04-10 Senate Conference Committee Report was adopted - Yea: 40 Nay: 0 Yea: 40 Nay: 0 2026-04-10 House Conference Committee Report was adopted - Yea: 116 Nay: 4 Yea: 116 Nay: 4
Committee Referrals
2025-01-21 H Insurance 2025-02-10 S Financial Institutions and Insurance
Amendments
2025-03-11 Senate Committee on Financial Institutions and Insurance Report 2026-04-10 Conference Committee Report
Bill Text Versions
2025-01-21 Introduced 0000-00-00 Amended Legislative data powered by LegiScan (CC BY 4.0)
Named provisions
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