Home/Kansas/Statutes/Ch. 40: INSURANCE/Art. 16: RECIPROCAL OR INTERINSURANCE CONTRACTS/§ 40-1630
Kansas Statutes

§ 40-1630 — Reciprocal; assessable insurance policies, prohibition against issuance

Kansas·Ch. 40 INSURANCE·Art. 16 RECIPROCAL OR INTERINSURANCE CONTRACTS
No reciprocal shall issue any assessable insurance policies. The subscribers of a reciprocal shall not be personally liable for the payment of the reciprocal's debts or obligations. Any judgment against a reciprocal shall be binding only upon the reciprocal and not upon each of the reciprocal's subscribers.

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Kansas § 40-1630 (Reciprocal; assessable insurance policies, prohibition against issuance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

L. 2000, ch. 170, § 16; July 1.

Nearby Sections

15
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Mutual company for insurance against fire, lightning, tornado, hail or explosion; exceptions; extended coverage endorsements; limitations
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Authority to insure glass breakage, vandalism and theft in addition to coverage under K.S.A. 40-1001; reserve fund and security deposit; requirements
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Classification of insurable property
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No policy issued until required application, premium notes and securities received
§ 40-1004
Directors; election; vacancy
§ 40-1005
Annual meeting of members; proxies
§ 40-1006
Officers; election; term
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Deposit notes
§ 40-1008
Liability for losses; assessments; indebtedness
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Recovery of assessments or on notes; cash policies not assessable
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Name
§ 40-1010
Suits for collection of assessments; liability of officers and directors; suits against company for losses
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Property to be assessed and taxed
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Bylaws
§ 40-1013
Classification of risks
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