Kansas § 40-4341 Same; asset management

Kansas Statutes

§ 40-4341 — Same; asset management

Kansas § 40-4341

Ch. 40INSURANCE

Art. 43CAPTIVE INSURANCE COMPANIES

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Bluebook

Kan. Stat. Ann. § 40-4341 (2026).

Text

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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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.