§ 40-2c28 — Property and casualty insurer exempt; when

Kansas § 40-2c28

• Jurisdiction: Kansas
• Ch. 40: INSURANCE
• Art. 2c: RISK-BASED CAPITAL REQUIREMENTS

Text

The commissioner may exempt from the application of K.S.A. 40-2c01 through 40-2c27, and amendments thereto, any domestic property and casualty insurer which:
(a) Writes direct business only in this state;
(b) writes direct annual premiums of $2,000,000 or less; and
(c) assumes no reinsurance in excess of 5% of direct premiums written.

Legislative History

L. 1996, ch. 134, § 10; July 1.