Same; actions requiring prior approval of commissioner

40-4320. Same; actions requiring prior approval of commissioner. The following actions shall not be taken without the prior approval of the commissioner: (a) The dissolution of a captive insurance company; (b) the sale, exchange, lease, mortgage, assignment, pledge or other transfer of or granting of a security interest in all or substantially all of the assets of a captive insurance company; (c) the making of a loan, investment or extension of credit by a captive insurance company, provided each such transaction is equal to or exceeds 3% of the captive insurance company's admitted assets, except as provided in K.S.A. 40-430, and amendments thereto; (d) any distribution or dividend out of the capital and surplus, or otherwise; (e) any merger or consolidation to which a captive insurance company is a party; (f) any conversion of a captive insurance company to another business form; (g) any transfer to or domestication in any jurisdiction by a captive insurance company; or (h) any amendment of the organizational documents of a captive insurance company. History: L. 2018, ch. 50, § 3; July 1. 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