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Kansas Statutes

Article 35

Mortgage Guaranty Insurance Companies

40-3501Title of act 40-3502Definitions 40-3503Capital and surplus requirements 40-3504Requirements prior to issuance of policies 40-3505Insuring of certain risks prohibited 40-3506Preparation of information and advertisements concerning real estate investments of financial institutions; prohibited conduct 40-3507Investments; prohibitions 40-3509Certificate of authority; eligibility for; time for compliance 40-3510Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance 40-3511Issuance of insurance to lending institutions; extension of coverage to individual loans; consideration as group policies; owner-occupied, single-family dwelling, borrower not liable to company for deficiency arising from foreclosure sale 40-3512Limitation on outstanding liability; temporary waiver 40-3513Payments or rebates as inducements or compensation for or in connection with placement of insurance prohibited; penalties for violations 40-3514Maintaining funds on deposit with insurance company's own insured prohibited; presumptions; other prohibited practices 40-3515Insurance company as member of holding company system; prohibited underwriting activities as condition of certificate of authority; other proscribed activities 40-3516Unearned premium reserve requirement 40-3517Case basis and other loss reserves requirements 40-3518Contingency reserve requirement; withdrawals 40-3519Reinsurance; establishment and maintenance of reserves in appropriate proportions by insurance company and reinsurer 40-3520Establishment of reserves in accord with law of another state where insurance company licensed 40-3521Rules and regulations