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Statutes > Kansas > Chapter40 > Article2 > Statutes_16996

40-299

Chapter 40.--INSURANCE Article 2.--GENERAL PROVISIONS

40-299. Sale of physical damage insurance in connection with sale andfinancing of automobile; acknowledgment by purchaser, form; suspension, orrevocation of license.Whenever any dealer, or any agent, officer or employee of such dealer,who also is an insurance agent, as defined by K.S.A. 40-239, shall provideonly for automobile physical damage insurance in connection with the saleand financing of an automobile, such dealer, agent, officer or employeealso must obtain a written acknowledgment by the purchaser of theautomobile that the insurance coverage so provided for such automobile doesnot include automobile liability insurance sufficient to fulfill therequirements of the Kansas automobile injury reparations act. Suchacknowledgment shall be made in the manner and form prescribed by thecommissioner of insurance, and a copy thereof shall be furnished thepurchaser. The insurance agent's license of any such dealer, agent, officeror employee who fails to obtain the acknowledgment required herein shall besubject to suspension or revocation by the commissioner pursuant to theprovisions of K.S.A. 40-242.

History: L. 1972, ch. 178, § 2; L. 1974, ch. 187, §1; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article2 > Statutes_16996

40-299

Chapter 40.--INSURANCE Article 2.--GENERAL PROVISIONS

40-299. Sale of physical damage insurance in connection with sale andfinancing of automobile; acknowledgment by purchaser, form; suspension, orrevocation of license.Whenever any dealer, or any agent, officer or employee of such dealer,who also is an insurance agent, as defined by K.S.A. 40-239, shall provideonly for automobile physical damage insurance in connection with the saleand financing of an automobile, such dealer, agent, officer or employeealso must obtain a written acknowledgment by the purchaser of theautomobile that the insurance coverage so provided for such automobile doesnot include automobile liability insurance sufficient to fulfill therequirements of the Kansas automobile injury reparations act. Suchacknowledgment shall be made in the manner and form prescribed by thecommissioner of insurance, and a copy thereof shall be furnished thepurchaser. The insurance agent's license of any such dealer, agent, officeror employee who fails to obtain the acknowledgment required herein shall besubject to suspension or revocation by the commissioner pursuant to theprovisions of K.S.A. 40-242.

History: L. 1972, ch. 178, § 2; L. 1974, ch. 187, §1; July 1.

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State Codes and Statutes

Statutes > Kansas > Chapter40 > Article2 > Statutes_16996

40-299

Chapter 40.--INSURANCE Article 2.--GENERAL PROVISIONS

40-299. Sale of physical damage insurance in connection with sale andfinancing of automobile; acknowledgment by purchaser, form; suspension, orrevocation of license.Whenever any dealer, or any agent, officer or employee of such dealer,who also is an insurance agent, as defined by K.S.A. 40-239, shall provideonly for automobile physical damage insurance in connection with the saleand financing of an automobile, such dealer, agent, officer or employeealso must obtain a written acknowledgment by the purchaser of theautomobile that the insurance coverage so provided for such automobile doesnot include automobile liability insurance sufficient to fulfill therequirements of the Kansas automobile injury reparations act. Suchacknowledgment shall be made in the manner and form prescribed by thecommissioner of insurance, and a copy thereof shall be furnished thepurchaser. The insurance agent's license of any such dealer, agent, officeror employee who fails to obtain the acknowledgment required herein shall besubject to suspension or revocation by the commissioner pursuant to theprovisions of K.S.A. 40-242.

History: L. 1972, ch. 178, § 2; L. 1974, ch. 187, §1; July 1.