Kansas § 40-1024 Cash or notes in payment of premiums; liability of members of company

Kansas Statutes

§ 40-1024 — Cash or notes in payment of premiums; liability of members of company

Kansas § 40-1024

Ch. 40INSURANCE

Art. 10MUTUAL FIRE AND TORNADO COMPANIES

This text of Kansas § 40-1024 (Cash or notes in payment of premiums; liability of members of company) 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. § 40-1024 (2026).

Text

Any company organized under this article having a guarantee fund of not less than twenty-five thousand dollars may except in payment of the premiums on its policies cash or time notes payable in assessments at such time and place as provided in such note or notes, but the members of such company shall not be liable to the company or any other person to exceed the amount of their premiums or deposit notes and interest due thereon.

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Any company organized under this article having a guarantee fund of not less than twenty-five thousand dollars may except in payment of the premiums on its policies cash or time notes payable in assessments at such time and place as provided in such note or notes, but the members of such company shall not be liable to the company or any other person to exceed the amount of their premiums or deposit notes and interest due thereon.