Kansas Statutes

§ 40-2b16 — Bank certificates of deposit

Kansas·Ch. 40 INSURANCE·Art. 2b INVESTMENTS BY LIFE INSURANCE COMPANIES

Any life insurance company heretofore or hereafter organized under any law of this state may invest by loans or otherwise, with the direction or approval of a majority of its board of directors or authorized committee thereof, any of its funds, or any part thereof in certificates of deposit in a federally insured bank.

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Legislative History

L. 1972, ch. 179, § 16; July 1.

Nearby Sections

15

§ 40-1001

Mutual company for insurance against fire, lightning, tornado, hail or explosion; exceptions; extended coverage endorsements; limitations

§ 40-1001a

Authority to insure glass breakage, vandalism and theft in addition to coverage under K.S.A. 40-1001; reserve fund and security deposit; requirements

§ 40-1002

Classification of insurable property

§ 40-1003

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

§ 40-1007

§ 40-1008

Liability for losses; assessments; indebtedness

§ 40-1009

Recovery of assessments or on notes; cash policies not assessable

§ 40-101

§ 40-1010

Suits for collection of assessments; liability of officers and directors; suits against company for losses

§ 40-1011

Property to be assessed and taxed

§ 40-1012

§ 40-1013

Classification of risks

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