Kan. Stat. § 40-3503

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-3503 - Capital and surplus requirements

A mortgage guaranty insurance company shall not transact the business of mortgage guaranty insurance unless, if said company is a stock insurance company, it has paid-in capital of at least one million dollars ($1,000,000) and surplus of at least one million dollars ($1,000,000), or if said company is a mutual insurance company, it has a minimum surplus of two million dollars ($2,000,000).

K.S.A. 40-3503

L. 1977, ch. 154, § 3; 1/1/1978.