Same; miscellaneous requirements

40-4338. Same; miscellaneous requirements. (a) Activities of a special purpose insurance captive shall be limited to those necessary to accomplish its purpose as outlined in its plan of operation. (b) The name of a special purpose insurance captive shall not be deceptively similar to or likely to be confused with another existing business name registered in the state. (c) A special purpose insurance captive must have at least three incorporators or organizers, at least one of whom shall be a resident of the state. (d) The capital stock of a special purpose insurance captive incorporated as a stock company shall be issued at not less than par value. History: L. 2018, ch. 50, § 21; 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