Chapter 40 — INSURANCE
1,749 sections in this chapter.
K.S.A. 40-1013 Classification of risks
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40-1013. Classification of risks. Any such company may classify the property insured therein at the time of issuing policies thereon under different rates, corresponding as nearly as may be to the greater or lesser risk from fire, or lightning, tornado or hail, and loss which may…
K.S.A. 40-1014 Term of policies
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40-1014. Term of policies. Companies organized under the provisions of this article may issue policies for a term of not more than five years. History: L. 1927, ch. 231, 40-1014; June 1. Source or prior law: L. 1885, ch. 132, § 17; L. 1915, ch. 231, § 1; R.S. 1923, 40-438. Previo…
K.S.A. 40-1015 Withdrawal of member of company; return premium; cancellation of policy, notice
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40-1015. Withdrawal of member of company; return premium; cancellation of policy, notice. Any member of such company may withdraw therefrom by surrendering his policy, together with a notice in writing to the secretary of his intention so to do. Return premium, if any, shall be c…
K.S.A. 40-1016 Limitation on amount of risk; reinsurance
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40-1016. Limitation on amount of risk; reinsurance. No such company shall expose itself to loss on any one risk or hazard, either by one or more policies, to an amount exceeding ten percent of all its resources at the date of the policy, unless such excess be reinsured, except in…
K.S.A. 40-1017 Execution and contents of policy
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40-1017. Execution and contents of policy. Such companies may issue policies of insurance, signed by the president and secretary, agreeing, in the name of the company, to pay all loss or damage not exceeding the amount insured. The company may issue more than one policy to one pe…
K.S.A. 40-1018 Reserve fund
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40-1018. Reserve fund. A reserve fund equal to not less than ten percentum nor more than twenty-five percentum, as the board of directors may determine, of the premiums received on insurance shall be set apart and maintained out of the cash receipts of the company until such rese…
K.S.A. 40-1019 Statement for annual meeting
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40-1019. Statement for annual meeting. It shall be the duty of the president and secretary of each mutual company to prepare annually, under oath, a full, true and complete statement of the condition of said company on the thirty-first day of December, and present the same to the…
K.S.A. 40-1020 Other corporations as members of company; vote
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40-1020. Other corporations as members of company; vote. Any public corporation, quasi-public corporation or private corporation of this state shall have power to be a member of a company organized under the provisions of this article, to execute deposit notes and to vote by any …
K.S.A. 40-1021 Guarantee fund
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40-1021. Guarantee fund. Any insurance company organized under this article having done business not less than two years and having at least one million dollars at risk, and having assets other than deposit notes amounting to not less than twenty-five thousand dollars may, for th…
K.S.A. 40-1022 Creation and investment of such fund; liability
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40-1022. Creation and investment of such fund; liability. Any such insurance company may create such a guarantee fund by setting apart not more than fifty percentum of the excess of this fund over and above the amount of all current liabilities for losses and expenses, and may in…
K.S.A. 40-1023 Scope of insurance by companies having guarantee fund; foreign companies
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40-1023. Scope of insurance by companies having guarantee fund; foreign companies. Companies organized under this article having a guarantee fund as provided herein to the amount of twenty-five thousand dollars may issue policies of insurance against loss or damage by fire, light…
K.S.A. 40-1024 Cash or notes in payment of premiums; liability of members of company
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40-1024. Cash or notes in payment of premiums; liability of members of company. Any company organized under this article having a guarantee fund of not less than twenty-five thousand dollars may except in payment of the premiums on its policies cash or time notes payable in asses…
K.S.A. 40-1025 Notice of creation of guarantee fund; examination; certificate of authority
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40-1025. Notice of creation of guarantee fund; examination; certificate of authority. When a company organized under this article shall have created a guarantee fund, the secretary shall notify the commissioner of insurance, who shall immediately examine the securities, notes and…
K.S.A. 40-1026 Reinsurance of risks; assessment
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40-1026. Reinsurance of risks; assessment. The directors of a company organized under this article may reinsure its risks, whenever they deem it for the best interest of the company, by first obtaining the consent of the commissioner of insurance, and shall make an assessment to …
K.S.A. 40-1027 Mutual fire and tornado companies; paid-up capital and surplus requirements
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40-1027. Mutual fire and tornado companies; paid-up capital and surplus requirements. (a) Any insurance company organized and existing as a mutual fire and tornado insurance company of the state of Kansas, and having a bona fide net surplus of $450,000, and having deposited with …
K.S.A. 40-1028 Consolidation of business into one class; vote of directors
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40-1028. Consolidation of business into one class; vote of directors. Any mutual fire and tornado insurance company organized and existing under the provisions of sections 40-1001 to 40-1026 inclusive of chapter 231 of the Laws of 1927, and amendments thereof, and having such res…
K.S.A. 40-1029 Advances of money and issuance of certificates of indebtedness
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40-1029. Advances of money and issuance of certificates of indebtedness. Any mutual fire and tornado insurance company organized under the laws of this state pursuant to K.S.A. 40-1001 et seq., and amendments thereto may accept advances of money and issue certificates of indebted…
Repealed
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[Repealed or reserved.]
Repealed
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[Repealed or reserved.]
K.S.A. 40-1101 Insurance company defined
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40-1101. Insurance company defined. Unless otherwise provided, the words "insurance company" as used in this article shall be construed to include any corporation having a capital stock as provided by section 40-1103, and organized for one or more of the purposes set out in secti…
K.S.A. 40-1102 Kinds of insurance and reinsurance authorized; limitations; paid-up capital and surplus requirements
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40-1102. Kinds of insurance and reinsurance authorized; limitations; paid-up capital and surplus requirements. Any insurance company, other than a life insurance company, organized under the laws of this state or authorized to transact business in this state may make all or any o…
K.S.A. 40-1103 Paid-up capital stock and surplus required; deposits of securities; amount
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40-1103. Paid-up capital stock and surplus required; deposits of securities; amount. No insurance company hereafter organized under the laws of this state shall be authorized to commence the transaction of either of the numbered classes of business specified in K.S.A. 40-1102, an…
K.S.A. 40-1104 Regulation of foreign companies; capital stock and surplus required
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40-1104. Regulation of foreign companies; capital stock and surplus required. Except as authorized in K.S.A. 40-209, 40-401, and 40-501, and amendments thereto, no insurance company organized under the laws of any other state, district, territory or possession of the United State…
K.S.A. 40-1105 Revocation of certificate of authority, when
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40-1105. Revocation of certificate of authority, when. Whenever the surplus of any domestic or foreign insurance company authorized to transact any of the kinds or classes of business specified in section 40-1102 of this article shall be less than the minimum surplus required by …
K.S.A. 40-1106 Repealed
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40-1106. History: L. 1927, ch. 231, 40-1106; Repealed, L. 1945, ch. 215, § 14; January 1, 1946. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finan…
K.S.A. 40-1107 Maximum amount of one risk or hazard; exceptions
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40-1107. Maximum amount of one risk or hazard; exceptions. No insurance company organized under the laws of this state and transacting business in this state shall, except as otherwise provided in K.S.A. 40-1107a, expose itself to loss on any one risk or hazard to an amount excee…
K.S.A. 40-1107a Same; title insurance company; exceptions
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40-1107a. Same; title insurance company; exceptions. No title insurance company organized under the laws of this state, engaged exclusively in the business of insuring titles to real estate, shall expose itself to a loss on any one risk or hazard to an amount exceeding fifty perc…
K.S.A. 40-1108 Reserves of surety company
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40-1108. Reserves of surety company. (a) An insurance company transacting surety business shall at all times keep and maintain adequate reserves on its suretyship obligations as follows: (1) An unearned premium reserve of fifty percentum of the current annual premiums upon all ou…
K.S.A. 40-1109 Repealed
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40-1109. History: L. 1927, ch. 231, 40-1109; L. 1947, ch. 279, § 1; L. 1949, ch. 281, § 1; Repealed, L. 1951, ch. 296, § 16; June 30. Revisor's Note: Later act, see 40-2203. CASE ANNOTATIONS 1. Restricting clause not complying with section, policy construed without it. Stewart v.…
K.S.A. 40-1110 Supplemental coverages or endorsements in connection with liability policies
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40-1110. Supplemental coverages or endorsements in connection with liability policies. In connection with insurance against bodily injury liability, burglary, robbery or theft, whether issued by a stock or mutual company, or other insurer, such stock or mutual company or other in…
K.S.A. 40-1111 Repealed
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40-1111. History: L. 1945, ch. 215, § 1; L. 1949, ch. 282, § 1; L. 1951, ch. 295, § 2; L. 1965, ch. 303, § 6; L. 1988, ch. 156, § 19; L. 1989, ch. 137, § 1; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived L…
K.S.A. 40-1111a Repealed
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40-1111a. History: L. 1989, ch. 137, § 2; Repealed, L. 1997, ch. 154, § 18; 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…
K.S.A. 40-1112 Repealed
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40-1112. History: L. 1945, ch. 215, § 2; L. 1987, ch. 165, § 2; L. 1988, ch. 155, § 4; Repealed, L. 1997, ch. 154, § 18; July 1. CASE ANNOTATIONS 1. Insurance rates must be based on insurer's exposure to loss. Hall v. State Farm Mut. Auto. Ins. Co., 8 Kan. App. 2d 475, 480, 661 P…
K.S.A. 40-1112a Discount for motor vehicle insurance, when; conditions
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40-1112a. Discount for motor vehicle insurance, when; conditions. (a) Any rates, rating schedules or rating manuals for the liability, personal injury protection and collision coverages of a motor vehicle insurance policy submitted to or filed with the insurance commissioner shal…
K.S.A. 40-1113 Repealed
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40-1113. History: L. 1945, ch. 215, § 3; L. 1978, ch. 177, § 2; L. 1979, ch. 141, § 2; L. 1988, ch. 155, § 5; L. 1990, ch. 165, § 2; L. 1991, ch. 132, § 1; Repealed, L. 1997, ch. 154, § 18; July 1. Source or prior law: 40-1106. CASE ANNOTATIONS 1. Insurance commissioner's powers …
K.S.A. 40-1113a Repealed
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40-1113a. History: L. 1965, ch. 307, § 1; Repealed, L. 1997, ch. 154, § 18; 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…
K.S.A. 40-1113b Repealed
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40-1113b. History: L. 1945, ch. 215, § 3; L. 1978, ch. 177, § 2; L. 1979, ch. 141, § 2; L. 1988, ch. 356, § 90; Repealed, L. 1990, ch. 165, § 3; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF …
K.S.A. 40-1113c Repealed
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40-1113c. History: L. 1990, ch. 154, § 2; L. 1993, ch. 286, § 22; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived …
K.S.A. 40-1114 Repealed
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40-1114. History: L. 1945, ch. 215, § 4; L. 1965, ch. 303, § 7; L. 1988, ch. 356, § 91; Repealed, L. 1997, ch. 154, § 18; July 1. Source or prior law: 40-1106. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVI…
K.S.A. 40-1114a Repealed
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40-1114a. History: L. 1965, ch. 303, § 8; L. 1988, ch. 356, § 92; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived …
K.S.A. 40-1115 Repealed
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40-1115. History: L. 1945, ch. 215, § 5; L. 1965, ch. 303, § 9; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sc…
K.S.A. 40-1118 Repealed
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40-1118. History: L. 1945, ch. 215, § 8; L. 1965, ch. 303, § 12; L. 1987, ch. 166, § 2; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Sessi…
K.S.A. 40-1119 Same; false or misleading information; penalty
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40-1119. Same; false or misleading information; penalty. No person or organization shall willfully withhold information from, or knowingly give false or misleading information to the commissioner, any statistical agency designated by the commissioner, any rating organization, or …
K.S.A. 40-1120 Repealed
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40-1120. History: L. 1945, ch. 215, § 10; L. 1988, ch. 356, § 95; Repealed, L. 1997, ch. 24, § 7; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived Sc…
K.S.A. 40-1121 Repealed
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40-1121. History: L. 1945, ch. 215, § 11; L. 1986, ch. 318, § 30; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived …
K.S.A. 40-1122 Repealed
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40-1122. History: L. 1945, ch. 215, § 12; L. 1965, ch. 303, § 14; Repealed, L. 1997, ch. 154, § 18; July 1. Source or prior law: 40-1106. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archiv…
K.S.A. 40-1123 Repealed
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40-1123. History: L. 1945, ch. 215, § 13; Repealed, L. 1997, ch. 154, § 18; 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…
K.S.A. 40-1124 Repealed
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40-1124. History: L. 1965, ch. 303, § 15; Repealed, L. 1997, ch. 154, § 18; 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…
K.S.A. 40-1125 Repealed
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40-1125. History: L. 1965, ch. 303, § 16; L. 1988, ch. 356, § 96; Repealed, L. 1997, ch. 154, § 18; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived …
K.S.A. 40-1126 Reports by insurers of health care providers of any actions to state board of healing arts
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40-1126. Reports by insurers of health care providers of any actions to state board of healing arts. (a) Every insurer providing professional liability insurance to a health care provider who is licensed, registered or certified by the state board of healing arts and covered by t…