Kansas § 40-1003 No policy issued until required application, premium notes and securities received

Kansas Statutes

§ 40-1003 — No policy issued until required application, premium notes and securities received

Kansas § 40-1003

Ch. 40INSURANCE

Art. 10MUTUAL FIRE AND TORNADO COMPANIES

This text of Kansas § 40-1003 (No policy issued until required application, premium notes and securities received) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 40-1003 (2026).

Text

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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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.