Kansas Insurance Department Reminds Insurers of Fire Loss Reporting Requirements
Oct 14, 2014
The Kansas Insurance Department (“Department”) issued Bulletin 2014-3 today, October 14, 2014, to remind property and casualty insurers, as well as excess and surplus lines companies of procedures for reporting fire losses to the Kansas Fire Marshal’s Office as required by K.S.A. 40-2, 110; K.A.R. 22-5-3 and 22-5-4. The Department was advised by the Fire Marshal’s Office that insurance companies have not been reporting these types of losses.
K.S.A. 40-2,110 requires every property and casualty insurance company transacting business in Kansas to file a monthly report of each fire loss that exceeds $500 with the state Fire Marshal. This applies to fire losses such as residential and commercial buildings, crops, and motor vehicles. Insurers must also file a report if there were no fire losses meeting the monetary threshold.
Furthermore, a calendar year annual report is required and due to the Fire Marshal’s office by May 15.
The Department requested in today’s Bulletin that insurers review the procedures and take necessary steps to file the reports as required.
Completed forms can be submitted by mail to the Office of the State Fire Marshal, 800 S.W. Jackson, Suite 104, Topeka, KS 66612 or by email to kilrs@ksfm.ks.gov.
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