There is a newer version of the Kansas Statutes
2013 Kansas Statutes
Chapter 40 INSURANCE
Article 40 CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER
- Section 40-4001 Conversion authority; review by commissioner; act to be liberally construed.
- Section 40-4002 Resolution by board of directors; plan of conversion; approval by commissioner and policyholders; withdrawal or amendment of plan.
- Section 40-4003a Plan of conversion; terms and conditions.
- Section 40-4003b Same; establishment of closed block for policyholder dividends.
- Section 40-4003c Continuation in force of policies; extinguishment of policyholder rights.
- Section 40-4004 Consideration and approval or disapproval of plan by commissioner; hearings.
- Section 40-4005 Same; meeting for approval by policyholders.
- Section 40-4006 Limitation on ownership of voting stock of converted insurer; violations; remedies.
- Section 40-4007 Prohibition on certain persons benefiting from assistance in conversion.
- Section 40-4008 Issuance of certificate of authority as final act of conversion; conversion not to affect rights of insurer.
- Section 40-4009 Directors and officers of mutual insurer, service.
- Section 40-4010 Securities issued under plan exempt from securities laws.
- Section 40-4011 Actions challenging validity of conversion; security required.
- Section 40-4012 Rules and regulations.
- Section 40-4013 Commissioner to charge insurer for expenses.
- Section 40-4014 Filing amended articles of incorporation with secretary of state.
Disclaimer: These codes may not be the most recent version. Kansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.