Kan. Stat. § 40-4319

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-4319 - Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner

The commissioner may adopt rules and regulations establishing standards to ensure that a pure captive insurance company's parent or any of its affiliated companies is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company, except that, until such time as rules and regulations under this section are adopted, the commissioner may approve the coverage of such risks by a pure captive insurance company on a case-by-case basis.

K.S.A. 40-4319

Added by L. 2018, ch. 50,§ 2, eff. 7/1/2018.