Kansas § 40-246g Surplus lines producer; exempt commercial purchaser

Kansas Statutes

§ 40-246g — Surplus lines producer; exempt commercial purchaser

Kansas·Ch. 40 INSURANCE·Art. 2 GENERAL PROVISIONS

(a)A surplus lines producer seeking to place non-admitted insurance for an exempt commercial purchaser is not required to file the signed statement under K.S.A. 40-246b, and amendments thereto, if the surplus lines producer has disclosed to the exempt commercial purchaser that such insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight and the exempt commercial purchaser has subsequently requested in writing the surplus lines producer to procure or place such insurance from a nonadmitted insurer.

(b)This section shall take effect on and after January 1, 2016.

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(a) A surplus lines producer seeking to place non-admitted insurance for an exempt commercial purchaser is not required to file the signed statement under K.S.A. 40-246b, and amendments thereto, if the surplus lines producer has disclosed to the exempt commercial purchaser that such insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight and the exempt commercial purchaser has subsequently requested in writing the surplus lines producer to procure or place such insurance from a nonadmitted insurer.
(b) This section shall take effect on and after January 1, 2016.

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