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Statutes > Kansas > Chapter40 > Article29 > Statutes_17949

40-2911

Chapter 40.--INSURANCE Article 29.--KANSAS INSURANCE GUARANTY ASSOCIATION ACT

40-2911. Same; detection and prevention of insurer insolvencies;reports and recommendations.To aid in the detection and prevention of insurer insolvencies: (a) Theboard of directors may, upon majority vote, make reports andrecommendations to the commissioner upon any matter germane to thesolvency, liquidation, rehabilitation or conservation of any memberinsurer. Such reports and recommendations shall not be considered publicdocuments.

(b) The board of directors may, upon majority vote, make recommendationsto the commissioner for the detection and prevention of insurerinsolvencies.

(c) The board of directors shall, at the conclusion of any insurerinsolvency in which the association was obligated to pay covered claims,prepare a report on the history and causes of such insolvency, based on theinformation available to the association, and submit such report to thecommissioner.

History: L. 1970, ch. 185, § 11; March 27.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article29 > Statutes_17949

40-2911

Chapter 40.--INSURANCE Article 29.--KANSAS INSURANCE GUARANTY ASSOCIATION ACT

40-2911. Same; detection and prevention of insurer insolvencies;reports and recommendations.To aid in the detection and prevention of insurer insolvencies: (a) Theboard of directors may, upon majority vote, make reports andrecommendations to the commissioner upon any matter germane to thesolvency, liquidation, rehabilitation or conservation of any memberinsurer. Such reports and recommendations shall not be considered publicdocuments.

(b) The board of directors may, upon majority vote, make recommendationsto the commissioner for the detection and prevention of insurerinsolvencies.

(c) The board of directors shall, at the conclusion of any insurerinsolvency in which the association was obligated to pay covered claims,prepare a report on the history and causes of such insolvency, based on theinformation available to the association, and submit such report to thecommissioner.

History: L. 1970, ch. 185, § 11; March 27.

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State Codes and Statutes

Statutes > Kansas > Chapter40 > Article29 > Statutes_17949

40-2911

Chapter 40.--INSURANCE Article 29.--KANSAS INSURANCE GUARANTY ASSOCIATION ACT

40-2911. Same; detection and prevention of insurer insolvencies;reports and recommendations.To aid in the detection and prevention of insurer insolvencies: (a) Theboard of directors may, upon majority vote, make reports andrecommendations to the commissioner upon any matter germane to thesolvency, liquidation, rehabilitation or conservation of any memberinsurer. Such reports and recommendations shall not be considered publicdocuments.

(b) The board of directors may, upon majority vote, make recommendationsto the commissioner for the detection and prevention of insurerinsolvencies.

(c) The board of directors shall, at the conclusion of any insurerinsolvency in which the association was obligated to pay covered claims,prepare a report on the history and causes of such insolvency, based on theinformation available to the association, and submit such report to thecommissioner.

History: L. 1970, ch. 185, § 11; March 27.