17-2256.Agent to write contracts; application for permission; approval,
when; fee.
(a) Every guarantee corporation, approved by the administrator, shall write
contracts guaranteeing the shares of credit union members only through an
agent approved to write such contracts by the administrator. Such agents
shall apply to the administrator for permission to write such contracts.
The administrator shall grant such authority only after:
(1) The applicant provides such applicant's name, address and social
security number;
(2) the administrator is satisfied that the applicant is of good
reputation and that the applicant has received training or is otherwise
qualified to sell this type of contract; and
(3) the applicant has paid an application fee of $5.
(b) The approval of such agents shall expire every year on May 31
and may be renewed by the administrator upon the payment of $5 unless there
is, after a hearing or an opportunity for a hearing is given to the agent
in accordance with the provisions of the Kansas administrative procedure
act, a sufficient showing of cause why the agent should not continue to
sell such contracts.
History: L. 1975, ch. 136, § 15; L. 1981, ch. 103, § 6;
L. 1988, ch. 356, § 54; July 1, 1989.
17-2256.Agent to write contracts; application for permission; approval,
when; fee.
(a) Every guarantee corporation, approved by the administrator, shall write
contracts guaranteeing the shares of credit union members only through an
agent approved to write such contracts by the administrator. Such agents
shall apply to the administrator for permission to write such contracts.
The administrator shall grant such authority only after:
(1) The applicant provides such applicant's name, address and social
security number;
(2) the administrator is satisfied that the applicant is of good
reputation and that the applicant has received training or is otherwise
qualified to sell this type of contract; and
(3) the applicant has paid an application fee of $5.
(b) The approval of such agents shall expire every year on May 31
and may be renewed by the administrator upon the payment of $5 unless there
is, after a hearing or an opportunity for a hearing is given to the agent
in accordance with the provisions of the Kansas administrative procedure
act, a sufficient showing of cause why the agent should not continue to
sell such contracts.
History: L. 1975, ch. 136, § 15; L. 1981, ch. 103, § 6;
L. 1988, ch. 356, § 54; July 1, 1989.
17-2256.Agent to write contracts; application for permission; approval,
when; fee.
(a) Every guarantee corporation, approved by the administrator, shall write
contracts guaranteeing the shares of credit union members only through an
agent approved to write such contracts by the administrator. Such agents
shall apply to the administrator for permission to write such contracts.
The administrator shall grant such authority only after:
(1) The applicant provides such applicant's name, address and social
security number;
(2) the administrator is satisfied that the applicant is of good
reputation and that the applicant has received training or is otherwise
qualified to sell this type of contract; and
(3) the applicant has paid an application fee of $5.
(b) The approval of such agents shall expire every year on May 31
and may be renewed by the administrator upon the payment of $5 unless there
is, after a hearing or an opportunity for a hearing is given to the agent
in accordance with the provisions of the Kansas administrative procedure
act, a sufficient showing of cause why the agent should not continue to
sell such contracts.
History: L. 1975, ch. 136, § 15; L. 1981, ch. 103, § 6;
L. 1988, ch. 356, § 54; July 1, 1989.
