Kansas Statutes
§ 40-4343 — Same; prohibited activities
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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Kansas § 40-4343 (Same; prohibited activities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
L. 2018, ch. 50, § 26; July 1.
Nearby Sections
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Classification of risks