Kansas Statutes

§ 40-5403 — Rules and regulations; requirements

Kansas § 40-5403
JurisdictionKansas
Ch. 40INSURANCE
Art. 54CONTROLLED INSURANCE PROGRAMS ACT

This text of Kansas § 40-5403 (Rules and regulations; requirements) 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. § 40-5403 (2026).

Text

The commissioner by rules and regulations, shall require that:

(a)Controlled insurance programs shall:
(1)Establish a method for quarterly reporting of the participant's respective claims details and loss information to that participant;
(2)provide that cancellation of any or all of the coverage provided to a participant prior to completion of work on the applicable project, shall require the owner or contractor who establishes a controlled insurance program to either replace the insurance or pay the subcontractor's cost to do so;
(3)not charge enrolled participants who are not the sponsoring participants, a deductible in excess of $2,500 per occurrence or a per claim assessment by the sponsor;
(4)keep self-insured retentions fully funded or collateralized by the owner or contractor e

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Legislative History

L. 2009, ch. 136, § 3; July 1.

Nearby Sections

15
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Bluebook (online)
Kansas § 40-5403, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/40-5403.