Kansas: Insurance-Specific ESG Bill Filed in State Senate

SB 512 was filed Feb. 14 in the Kansas state Senate, which would prohibit insurance companies from using environmental, social, and governance criteria in the process of writing contracts of insurance, indemnity, or suretyship. It also authorizes the attorney general or district attorney to enforce this prohibition, and it carries a civil penalty of up to $10,000 per violation.

The bill has been referred to the Senate Financial Institutions and Insurance Committee but has not yet been scheduled for a public hearing. The bill has to pass out of the Senate by Feb. 23 to remain viable for this session.