Kansas Statutes
§ 40-3519 — Reinsurance; establishment and maintenance of reserves in appropriate proportions by insurance company and reinsurer
Whenever a mortgage guaranty insurance company obtains reinsurance from an insurance company which is properly licensed to provide reinsurance or from an appropriate governmental agency, the mortgage guaranty insurer and the reinsurer shall establish and maintain the reserves required in this act in appropriate proportions in relation to the risk retained by the original insurer and ceded to the assuming reinsurer so that the total reserves established shall not be less than the reserves required by this act.
Free access — add to your briefcase to read the full text and ask questions with AI
Kansas § 40-3519 (Reinsurance; establishment and maintenance of reserves in appropriate proportions by insurance company and reinsurer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 1977, ch. 154, § 19; January 1, 1978.
Nearby Sections
15
§ 40-1002
Classification of insurable property§ 40-1004
Directors; election; vacancy§ 40-1005
Annual meeting of members; proxies§ 40-1006
Officers; election; term§ 40-1007
Deposit notes§ 40-101
Name§ 40-1011
Property to be assessed and taxed§ 40-1012
Bylaws§ 40-1013
Classification of risks