Kansas § 40-4343 Same; prohibited activities

Kansas Statutes

§ 40-4343 — Same; prohibited activities

Kansas § 40-4343

Ch. 40INSURANCE

Art. 43CAPTIVE INSURANCE COMPANIES

This text of Kansas § 40-4343 (Same; prohibited activities) 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. § 40-4343 (2026).

Text

A special purpose insurance captive shall not:

(a)Enter into a special purpose insurance captive contract with a person that is not authorized to transact the business of insurance or reinsurance in at least its state or country of domicile; or

(b)lend or otherwise invest or place in custody, trust or under management any of its assets with, or to borrow money or receive a loan, other than according to the plan of operation filed with and approved by the commissioner.

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A special purpose insurance captive shall not:
(a) Enter into a special purpose insurance captive contract with a person that is not authorized to transact the business of insurance or reinsurance in at least its state or country of domicile; or
(b) lend or otherwise invest or place in custody, trust or under management any of its assets with, or to borrow money or receive a loan, other than according to the plan of operation filed with and approved by the commissioner.