Duration of licenses and certificates

40-215. Duration of licenses and certificates. All certificates and licenses granted under this code shall continue in force until suspended, revoked, or otherwise terminated by the commissioner of insurance. History: L. 1927, ch. 231, 40-215; L. 1978, ch. 167, § 1; July 1. Source or prior law: L. 1871, ch. 93, § 24; L. 1885, ch. 131, § 21; R.S. 1923, 40-122, 40-381. CASE ANNOTATIONS 1. Foreign life company obtained only license to transact business, not a property right; revocation of license did not violate fourteenth amendment of U.S. Constitution. Bankers Service Life Ins. Co. v. Sullivan, 188 Kan. 783, 791, 366 P.2d 264.