There is a newer version of the Kansas Statutes
2021
2020
2019
2018
2017
Other previous versions
View our newest version here

2014 Kansas Statutes
Chapter 40 INSURANCE
Article 16 RECIPROCAL OR INTERINSURANCE CONTRACTS
40-1629 Domestic reciprocal; liquidation; requirements on.

KS Stat § 40-1629 (2014) What's This?

40-1629. Domestic reciprocal; liquidation; requirements on. Upon the liquidation of a domestic reciprocal, the assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney-in-fact or any other person made as provided in K.S.A. 40-1606, and amendments thereto, and the return of any unused deposits, savings or credits, shall be distributed. The distribution shall be made to the persons who were its subscribers within the 12 months prior to the final termination of such reciprocal's license in accordance with a formula approved by the commissioner of insurance or the court.

History: L. 2000, ch. 170, § 15; July 1.

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.