Kan. Stat. § 40-4341
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
A special purpose insurance captive's assets shall be managed in accordance with an investment management agreement filed with and approved by order of the commissioner. A special purpose insurance captive shall invest at least 90% of its assets in cash and securities that are investment grade at the time of the acquisition. The balance may be invested in cash, securities or other assets otherwise permitted in chapter 40 of the Kansas Statutes Annotated, and amendments thereto.
K.S.A. 40-4341