Category Archives: Financial Institutions and Insurance

Briefing Book 2026: Approval Process for the Housing Deposit Loan Program

Introduction The 2008 Legislature established the Kansas Housing Loan Deposit Program (Program) with the purpose of providing incentives for the making of housing construction development loans. The 2012 Legislature added adult care home construction development loans to the Program. The Program allows an eligible lending institution that agrees to receive a housing loan deposit toContinue reading “Briefing Book 2026: Approval Process for the Housing Deposit Loan Program”

Briefing Book 2026: Stablecoin: Tracking the New Policy Approach

Stablecoin Overview Stablecoins are a form of cryptocurrency. Cryptocurrencies are a digital representation of value that relies on cryptography to secure transactions and functions similarly to most currencies by providing a medium of exchange, unit of account, and store of value. Most cryptocurrencies do not require intermediaries or government backing. Stablecoins are a unique subsetContinue reading “Briefing Book 2026: Stablecoin: Tracking the New Policy Approach”

Cryptocurrency Overview and Policy Frameworks

This memorandum provides a foundational overview of cryptocurrency and the policy framework in place to regulate the cryptocurrency industry. Topics covered include: Download a PDF of this memo here. What is Cryptocurrency? The Internal Revenue Service (IRS) does not define cryptocurrency directly. It states, “the tax definition of a digital asset is any digital representationContinue reading “Cryptocurrency Overview and Policy Frameworks”

Comparing States’ Laws on Online Vehicle Insurance Verification

In 2025, Kansas became one of the 19 states with online verification of insurance for passenger vehicles. Kansas’ law, effective July 1, 2025, includes many features suggested in the model Auto Liability Motor Vehicle Insurance Verification Act (Model Act) dated December 5, 2024, developed by the Insurance Industry Committee on Motor Vehicle Administration (IICMVA). ThisContinue reading “Comparing States’ Laws on Online Vehicle Insurance Verification”

Technology-Enabled Fiduciary Financial Institutions Act

Summary The Technology-enabled Fiduciary Financial Institutions (TEFFI) Act was enacted in 2021 Senate Sub. for HB 2074 and can be found in KSA 9-2301 through 9-2327. The bill required the State Bank Commissioner to issue a charter to The Beneficient Company (Ben) and establish a fiduciary financial (fidfin) institution pilot program with an economic growthContinue reading “Technology-Enabled Fiduciary Financial Institutions Act”

Stablecoin Overview

Stablecoins are a form of cryptocurrency. Cryptocurrencies are a digital representation of value that functions similarly to most currencies by providing a medium of exchange, unit of account, store of value, and rely on cryptography to secure transactions. Most cryptocurrencies do not require intermediaries or government backing. Stablecoins are a unique subset of cryptocurrency. UnlikeContinue reading “Stablecoin Overview”

Cryptocurrencies

What is Cryptocurrency? According to the Internal Revenue Service (IRS), cryptocurrency is “a type of virtual currency that uses cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain.” The IRS also defines “virtual currency” as “a digital representation of value, other than a representation of the U.S. DollarContinue reading “Cryptocurrencies”

Health Insurance Mandates in Kansas

This article examines required insurance benefits in Kansas law, the “test track” requirements for the Legislature’s consideration of proposed mandates, and any anticipated reporting from the State Employee Health Plan (SEHP). What is a mandate? Statutes added in Kansas insurance law require certain health care providers be paid for services rendered (provider mandates) or beContinue reading “Health Insurance Mandates in Kansas”

Report of the Joint Committee on Pensions, Investments and Benefits to the 2024 Kansas Legislature

The Joint Committee on Pensions, Investments and Benefits was created in 1992 and is authorized by KSA 2023 Supp. 46-2201 to:
● Monitor, review, and make recommendations relative to investment policies and objectives formulated by the Kansas Public Employees Retirement System (KPERS or the Retirement System) Board of Trustees (Board);
● Review and make recommendations related to KPERS benefits;
● Consider and make recommendations on the confirmation of members nominated by the Governor to serve on the Board; and
● Introduce legislation it determines to be necessary.