Kan. Stat. § 40-1003
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
No company formed hereafter for the purpose of doing an insurance business under the provisions of this article shall have power to issue policies until applications in good faith have been received for insurance in one class to the amount of at least one hundred thousand dollars, and cash or deposit notes have been received in advance, for the same, nor until such company shall have assets in cash or securities other than deposit notes of at least twenty-five thousand dollars.
K.S.A. 40-1003