BULLETIN 2002-5

BULLETIN 2002-5 To: All Companies Authorized to Transact Accident and Health Insurance In The State of Kansas From: Matt All Assistant Commissioner Subject: Refundable Tax credits For Small Business Health Benefit Plans Date: July 29, 2002 The purpose of this bulletin is to issue an addendum to Bulletin 2000-1, to advise companies authorized to transact Accident and Health Insurance in the State of Kansas about recent changes to K.S.A. 40-2240. When the small business tax credit legislation was enacted it contained a sunset provision to this tax credit. The legislature amended K.S.A 40-2240 to remove the ending date of the tax credit. This amendment became effective May 23, 2002. The Commissioner would further advise a small business that wants to take advantage of the refundable tax credits must make application to the Kansas Insurance Department prior to the effective date of group health insurance coverage. An application can be obtained by contacting Craig Van Aalst at (785) 296-7850. If you have any questions of comments regarding the information contained herein, please direct them to Craig Van Aalst at (785) 296-7850, at the Kansas Insurance Department, 420 S.W. Ninth Street, Topeka, Kansas, 66612. Matt All Assistant Commissioner