Kansas § 40-516 Same; act supplemental to insurance code; severability

Kansas Statutes

§ 40-516 — Same; act supplemental to insurance code; severability

Kansas·Ch. 40 INSURANCE·Art. 5 MUTUAL LIFE INSURANCE COMPANIES

(a)Nothing contained in this act shall be construed to enlarge the charter powers of any insurance company except in conformity with the provisions of the proposed articles of incorporation of the merged or consolidated company as provided in this act, nor to authorize any insurance company to do any kind of insurance business not authorized by its charter or articles of incorporation, nor to authorize any insurance company to do any kind of insurance business in this state not authorized by its license or certificate of authority to do business in this state.

(b)This act shall be part of and supplemental to the insurance code of the state of Kansas.

(c)If any provision of this act or the application of such provision to any person or circumstance shall be held invalid, the remainder of

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Nothing contained in this act shall be construed to enlarge the charter powers of any insurance company except in conformity with the provisions of the proposed articles of incorporation of the merged or consolidated company as provided in this act, nor to authorize any insurance company to do any kind of insurance business not authorized by its charter or articles of incorporation, nor to authorize any insurance company to do any kind of insurance business in this state not authorized by its license or certificate of authority to do business in this state.
(b) This act shall be part of and supplemental to the insurance code of the state of Kansas.
(c) If any provision of this act or the application of such provision to any person or circumstance shall be held invalid, the remainder of this act and the application of such provision to persons and circumstances other than those as to which it is held invalid shall not be affected thereby.

Kansas § 40-516 (Same; act supplemental to insurance code; severability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.