Kansas § 40-4319 Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner

Kansas Statutes

§ 40-4319 — Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner

Kansas·Ch. 40 INSURANCE·Art. 43 CAPTIVE INSURANCE COMPANIES

The commissioner may adopt rules and regulations establishing standards to ensure that a pure captive insurance company's parent or any of its affiliated companies is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company, except that, until such time as rules and regulations under this section are adopted, the commissioner may approve the coverage of such risks by a pure captive insurance company on a case-by-case basis.

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The commissioner may adopt rules and regulations establishing standards to ensure that a pure captive insurance company's parent or any of its affiliated companies is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company, except that, until such time as rules and regulations under this section are adopted, the commissioner may approve the coverage of such risks by a pure captive insurance company on a case-by-case basis.

Kansas § 40-4319 (Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.