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2025 Kansas Statutes
Chapter 40 - Insurance
Article 36 - Impaired Or Insolvent Insurers
40-3621 Liquidation of insurer; petition by commissioner; grounds.

Universal Citation:
KS Stat § 40-3621 (2025)
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40-3621. Liquidation of insurer; petition by commissioner; grounds.
The commissioner may petition the district court of Shawnee county for an order directing the commissioner to liquidate a domestic insurer on the basis:

(a) Of any grounds for an order of rehabilitation as specified in K.S.A. 40-3616, whether or not there has been a prior order directing the rehabilitation of the insurer;

(b) that the insurer is insolvent; or

(c) that the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors or the public.

History: L. 1991, ch. 125, ยง 17; July 1.

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