Life and Health Insurance Guaranty Association Act | Midpage

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Kansas Statutes

Article 30

Life and Health Insurance Guaranty Association Act

40-3001Name and citation of act 40-3002Purpose of act 40-3003Persons provided coverage; policies and contracts specified 40-3005Definitions 40-3006Creation of Kansas life and health insurance guaranty association; members; functions and powers; accounts; association under supervision of commissioner and insurance laws of state; meetings or records 40-3007Board of directors of association; membership; selection; approval; vacancies; compensation; removal 40-3008Powers and duties of association; limitations of liability of association; mandatory payment of certain claims 40-3009Assessment of member insurers to provide funds for administration of association; classes of assessment; limitations; refunds to insurers; certificates of contribution 40-3010Plan of operation; powers of commissioner; rules and regulations; mandatory and permissive provisions of plan; reimbursement for certain payments 40-3011Additional powers of commissioner; revocation of authority; appeals; judicial review; notice of effect of act 40-3012Duties of commissioner and board for the detection and prevention of insurer impairments; reports and recommendations of board to commissioner 40-3013Liability for unpaid assessments of insureds of impaired or insolvent insurers under plan; records of negotiations made public, when; association deemed creditor, when; use of assets of impaired or insolvent insurer; equitable distribution of rights; recovery of distributions 40-3013aStatement of existence of association not to be used to induce sales; description document, delivery to policyholder; disclaimer required; notice that policy is excluded from coverage under act 40-3014Examination and regulation by commissioner; financial report 40-3015Association exempt from certain fees and taxes 40-3016Certificates of contributions as assets; percentage offset; refunds, disposition 40-3017Liabilities of parties for acts 40-3018Stay of proceedings; actions to set aside judgments and defend suits 40-3019Application of provisions 40-3004Liberal construction