Kansas Statutes
§ 40-1003 — No policy issued until required application, premium notes and securities received
No company formed hereafter for the purpose of doing an insurance business under the provisions of this article shall have power to issue policies until applications in good faith have been received for insurance in one class to the amount of at least one hundred thousand dollars, and cash or deposit notes have been received in advance, for the same, nor until such company shall have assets in cash or securities other than deposit notes of at least twenty-five thousand dollars.
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Kansas § 40-1003 (No policy issued until required application, premium notes and securities received) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1927, ch. 231, 40-1003; L. 1943, ch. 186, § 1; June 28.
Nearby Sections
15
§ 40-1002
Classification of insurable property§ 40-1004
Directors; election; vacancy§ 40-1005
Annual meeting of members; proxies§ 40-1006
Officers; election; term§ 40-1007
Deposit notes§ 40-101
Name§ 40-1011
Property to be assessed and taxed§ 40-1012
Bylaws§ 40-1013
Classification of risks