Secretary and certain officers to give bond

40-207. Secretary and certain officers to give bond. The board of directors or other managing body of every insurance company organized under the laws of this state shall require the secretary, and all other officers having the care and handling of the funds and securities of the company, to give a good and sufficient bond to cover the term for which they are elected, appointed or employed, conditioned for the faithful accounting and disbursement of all money that may come into their hands; such bond to be in an amount named and to be approved by the board of directors, and other governing body, and to be held by a custodian to be designated by such board or body, and the expense of providing such a bond may be charged to the operating expense of the company. History: L. 1927, ch. 231, 40-207; June 1. Source or prior law: L. 1885, ch. 131, § 5; L. 1885, ch. 132, §§ 13, 27; L. 1899, ch. 149, §§ 12, 13; L. 1901, ch. 230, §§ 3, 18; L. 1905, ch. 276, § 1; L. 1907, ch. 227, § 5; L. 1909, ch. 153, §§ 3, 12; L. 1913, ch. 206, §§ 3, 15; L. 1913, ch. 208, § 1; R.S. 1923, 40-348, 40-364, 40-434, 40-448, 40-603, 40-614, 40-907. CASE ANNOTATIONS 1. Bond required is an official bond; obligation of bond confined to one year, an official term. Life Association v. Lemke, 40 Kan. 661, 20 P. 512. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026