Kansas Statutes
§ 40-449 — Policies covering debtors, replacement by creditor; limitation on contestation
Kansas § 40-449
This text of Kansas § 40-449 (Policies covering debtors, replacement by creditor; limitation on contestation) 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. § 40-449 (2026).
Text
Whenever any creditor substitutes or replaces a policy of life insurance covering debtors of a creditor in exchange for charges collected from the insured debtors, the insurance company issuing the replacement or substitute policy shall not be entitled to contest the payment of benefits in the event of the debtor's death to any greater extent than the replaced life insurance would have been contestable by the insurer providing the replaced coverage had a replacement not occurred. This prohibition shall not apply to any amount of insurance provided by the replacement policy which exceeds the amount of insurance provided by the replaced policy.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
L. 1990, ch. 156, § 1; 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 risksCite This Page — Counsel Stack
Bluebook (online)
Kansas § 40-449, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/40-449.