Kansas § 40-3002 Purpose of act

Kansas Statutes

§ 40-3002 — Purpose of act

Kansas § 40-3002

Ch. 40INSURANCE

Art. 30LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT

This text of Kansas § 40-3002 (Purpose of act) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 40-3002 (2026).

Text

(a)The purpose of this act is to protect, subject to certain limitations, the persons specified inK.S.A. 40-3003, and amendments thereto, against failure in the performance of contractual obligations, under life, health and annuity policies, plans and contracts specified in K.S.A. 40-3003, and amendments thereto, because of the impairment or insolvency of the member insurer that issued the policies or contracts.

(b)To provide this protection, an association of member insurers is created to pay benefits and to continue coverages as limited herein, and members of the association are subject to assessment to provide funds to carry out the purpose of this act.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The purpose of this act is to protect, subject to certain limitations, the persons specified inK.S.A. 40-3003, and amendments thereto, against failure in the performance of contractual obligations, under life, health and annuity policies, plans and contracts specified in K.S.A. 40-3003, and amendments thereto, because of the impairment or insolvency of the member insurer that issued the policies or contracts.
(b) To provide this protection, an association of member insurers is created to pay benefits and to continue coverages as limited herein, and members of the association are subject to assessment to provide funds to carry out the purpose of this act.