Kansas § 40-4506 Same; conditions; broker to provide insurer annual statement of financial condition

Kansas Statutes

§ 40-4506 — Same; conditions; broker to provide insurer annual statement of financial condition

Kansas § 40-4506

Ch. 40INSURANCE

Art. 45REGULATION OF REINSURANCE INTERMEDIARIES

This text of Kansas § 40-4506 (Same; conditions; broker to provide insurer annual statement of financial condition) 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. § 40-4506 (2026).

Text

(a)An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance broker on its behalf unless such person is licensed as required by subsection (a) of K.S.A. 40-4503.

(b)An insurer may not employ an individual who is employed by a reinsurance broker with which it transacts business, unless such reinsurance broker is under common control with the insurer and subject to the holding company act.

(c)The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance broker with which it transacts business.

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(a) An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance broker on its behalf unless such person is licensed as required by subsection (a) of K.S.A. 40-4503.
(b) An insurer may not employ an individual who is employed by a reinsurance broker with which it transacts business, unless such reinsurance broker is under common control with the insurer and subject to the holding company act.
(c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance broker with which it transacts business.