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40-4117

Chapter 40.--INSURANCE Article 41.--RISK RETENTION AND PURCHASING GROUPS

40-4117. Purchase of insurance through surplus lines agent or broker required, when.A purchasing group may not purchase insurance from a riskretention group that is not chartered in a state or from an insurer notadmitted in the state in whichthe purchasing group is located, unless the purchase is effectedthrough a licensed agent or broker acting pursuant to the surplus lineslaws and regulations of such state.

History: L. 1987, ch. 172, § 8; April 30.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article41 > Statutes_18228

40-4117

Chapter 40.--INSURANCE Article 41.--RISK RETENTION AND PURCHASING GROUPS

40-4117. Purchase of insurance through surplus lines agent or broker required, when.A purchasing group may not purchase insurance from a riskretention group that is not chartered in a state or from an insurer notadmitted in the state in whichthe purchasing group is located, unless the purchase is effectedthrough a licensed agent or broker acting pursuant to the surplus lineslaws and regulations of such state.

History: L. 1987, ch. 172, § 8; April 30.

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Statutes > Kansas > Chapter40 > Article41 > Statutes_18228

40-4117

Chapter 40.--INSURANCE Article 41.--RISK RETENTION AND PURCHASING GROUPS

40-4117. Purchase of insurance through surplus lines agent or broker required, when.A purchasing group may not purchase insurance from a riskretention group that is not chartered in a state or from an insurer notadmitted in the state in whichthe purchasing group is located, unless the purchase is effectedthrough a licensed agent or broker acting pursuant to the surplus lineslaws and regulations of such state.

History: L. 1987, ch. 172, § 8; April 30.