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2017 Kansas Statutes
Chapter 40 INSURANCE
Article 29 KANSAS INSURANCE GUARANTY ASSOCIATION ACT
40-2901 Purpose and construction.
Universal Citation: KS Stat § 40-2901 (2017)
40-2901. Purpose and construction. The purpose of this act is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers. This act shall be liberally construed to effect such purpose which shall constitute an aid and guide to interpretation.
History: L. 1970, ch. 185, § 1; March 27.
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