Kansas § 40-4338 Same; miscellaneous requirements

Kansas Statutes

§ 40-4338 — Same; miscellaneous requirements

Kansas § 40-4338

Ch. 40INSURANCE

Art. 43CAPTIVE INSURANCE COMPANIES

This text of Kansas § 40-4338 (Same; miscellaneous requirements) 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. § 40-4338 (2026).

Text

(a)Activities of a special purpose insurance captive shall be limited to those necessary to accomplish its purpose as outlined in its plan of operation.

(b)The name of a special purpose insurance captive shall not be deceptively similar to or likely to be confused with another existing business name registered in the state.

(c)A special purpose insurance captive must have at least three incorporators or organizers, at least one of whom shall be a resident of the state.

(d)The capital stock of a special purpose insurance captive incorporated as a stock company shall be issued at not less than par value.

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(a) Activities of a special purpose insurance captive shall be limited to those necessary to accomplish its purpose as outlined in its plan of operation.
(b) The name of a special purpose insurance captive shall not be deceptively similar to or likely to be confused with another existing business name registered in the state.
(c) A special purpose insurance captive must have at least three incorporators or organizers, at least one of whom shall be a resident of the state.
(d) The capital stock of a special purpose insurance captive incorporated as a stock company shall be issued at not less than par value.