Kansas Statutes
§ 40-4341 — Same; asset management
A special purpose insurance captive's assets shall be managed in accordance with an investment management agreement filed with and approved by order of the commissioner. A special purpose insurance captive shall invest at least 90% of its assets in cash and securities that are investment grade at the time of the acquisition. The balance may be invested in cash, securities or other assets otherwise permitted in chapter 40 of the Kansas Statutes Annotated, and amendments thereto.
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Kansas § 40-4341 (Same; asset management) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 2018, ch. 50, § 24; July 1.
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