Kansas Insurance Commissioner reminds companies of new tax guidelines ...Middle East

TOPEKA, Kan. (WIBW) – The Kansas Insurance Commissioner has reminded insurance companies of new guidelines following a reduced surplus lines tax rate. On Friday, Dec. 8, Kansas Insurance Commissioner Vicki Schmidt says she released guidelines to insurance companies on how the reduced surplus lines tax rate will be used. The move follows the Kansas legislature’s 2023 passage of a law to lower the surplus lines tax rate from 6% to 3% for tax years 2024 and later. Commissioner Schmidt noted that the new rate will apply to policies effective on or after Jan. 1 and to any endorsements to those policies. All new and renewal policies effective prior to Jan. 1 and any subsequent endorsements wil

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Last updated : 11 Dec 2023 clock 12:44 AM

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Kansas Insurance Commissioner reminds companies of new tax guidelines ...Middle East

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