There is a newer version
of
this Section
2019 Kansas Statutes
Chapter 40 - Insurance
Article 10 - Mutual Fire And Tornado Companies
40-1016 Limitation on amount of risk; reinsurance.
Universal Citation: KS Stat § 40-1016 (2019)
40-1016. Limitation on amount of risk; reinsurance. No such company shall expose itself to loss on any one risk or hazard, either by one or more policies, to an amount exceeding ten percent of all its resources at the date of the policy, unless such excess be reinsured, except in organizing the company policies may be issued up to one thousand dollars, and such company may reinsure such portion of its risk as the board of directors deem for the best interest of its policyholders.
History: L. 1927, ch. 231, 40-1016; June 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.
