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One of the primary
objectives of the Fund is to assure health care providers
that there will be reasonable professional liability
coverage available within the state of Kansas. The Fund law
assures this by establishing an availability plan for the
required basic $200,000/$600,000 professional liability
insurance and Fund for excess professional liability
coverage up to $800,000/$2,400,000.
The Fund also provides
many professional liability coverage areas that the private
insurance market does not afford. For example:
- The "tail" coverage
provided to eligible inactive health care providers has
among other features significant fiscal year coverage
limits which are broader coverage provisions than what is
offered by insurers.
- Also, the Fund
supports a basic professional liability insurance
coverage program without financial assistance from
insurers.
- Another beneficial
aspect of the Fund is that all surcharge revenue and
income derived from the investment of the balance of the
Fund remain in the special State of Kansas
accounts.
Because the Fund is
authorized by Kansas law, only the Kansas legislature can
change the coverage and operational provisions of the
Fund.
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