One Pot Spicy Southern Sausage and Rice Recipe

1 tablespoon extra virgin olive oil
1 (13-ounce) fully-cooked Kielbasa sausage*, cut on the diagonal into coins
1 red bell pepper, chopped
1 green bell pepper, chopped
1 medium yellow onion, chopped
1 jalapeno pepper, sliced
1 (14 ounce) can no-salt-added diced tomatoes, with juices
2 bay leaves
1 tablespoon dried thyme
1 teaspoon dried oregano
½ teaspoon red pepper flakes
1½ cups dry long-grain rice
2 cups low-sodium chicken broth