Kansas Statutes
§ 40-1026 — Reinsurance of risks; assessment
The directors of a company organized under this article may reinsure its risks, whenever they deem it for the best interest of the company, by first obtaining the consent of the commissioner of insurance, and shall make an assessment to pay for the reinsuring of its risks as above provided; but if the company has a guarantee fund, the deposit notes shall not be assessed to reinsure policies, premiums for which have been paid in cash.
Free access — add to your briefcase to read the full text and ask questions with AI
Kansas § 40-1026 (Reinsurance of risks; assessment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1927, ch. 231, 40-1026; June 1.
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