2017 Kansas Statutes
Chapter 40 INSURANCE
Article 40 CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER
- 40-4001 Conversion authority; review by commissioner; act to be liberally construed.
- 40-4002 Resolution by board of directors; plan of conversion; approval by commissioner and policyholders; withdrawal or amendment of plan.
- 40-4003a Plan of conversion; terms and conditions.
- 40-4003b Same; establishment of closed block for policyholder dividends.
- 40-4003c Continuation in force of policies; extinguishment of policyholder rights.
- 40-4004 Consideration and approval or disapproval of plan by commissioner; hearings.
- 40-4005 Same; meeting for approval by policyholders.
- 40-4006 Limitation on ownership of voting stock of converted insurer; violations; remedies.
- 40-4007 Prohibition on certain persons benefiting from assistance in conversion.
- 40-4008 Issuance of certificate of authority as final act of conversion; conversion not to affect rights of insurer.
- 40-4009 Directors and officers of mutual insurer, service.
- 40-4010 Securities issued under plan exempt from securities laws.
- 40-4011 Actions challenging validity of conversion; security required.
- 40-4012 Rules and regulations.
- 40-4013 Commissioner to charge insurer for expenses.
- 40-4014 Filing amended articles of incorporation with secretary of state.
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