Captive Insurance Companies | Midpage

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Kansas Statutes

Article 43

Captive Insurance Companies

40-4301Definitions 40-4302Certificate of authority to provide insurance coverage; certain risks not authorized to be covered; requirements for doing business; documents and information required to be filed with commissioner; examination and registration fees; issuance of certificate of authority; privacy protections in court proceedings 40-4303Name of company; exceptions 40-4304Capital requirements 40-4306Incorporation of companies; incorporators, number and residency requirements; petition of commissioner for issuance of certificate that company promotes welfare of state; certificate and articles of incorporation to be filed with secretary of state; organization fee; capital stock requirements; board of directors, residency requirements; application of general corporation code 40-4307Annual report of financial condition 40-4308Examination of companies; report; orders; confidentiality 40-4309Suspension or revocation of certificate of authority; grounds 40-4310Investments; restrictions and limitations 40-4311Reinsurance authority; requirements and limitation; credit for reserves on risks ceded 40-4312No requirement to join rating or policy form organization 40-4313Companies prohibited from joining or benefiting from insolvency guarantee funds; notice 40-4314Taxation of captive insurance companies and redomesticating captive insurance companies 40-4315Statutes regulating trade practices applicable to certain insurance provided by captive insurance companies 40-4317Rules and regulations; exemptions 40-4318General insurance statutes not applicable unless specifically referenced in act; K.S.A. 40-2209 and 40-2215 applicable 40-4319Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner 40-4320Same; actions requiring prior approval of commissioner 40-4321Same; books and records; maintenance requirements 40-4322Same; fund established 40-4323Dormant captive insurance companies; certification of; authorization of commissioner to set and publish renewal fee 40-4324Same; notification of material change required 40-4325Branch captive insurance companies; establishment 40-4326Same; definitions 40-4327Same; capital requirements; exemptions 40-4328Same; certification of general good required 40-4329Same; annual report 40-4330Same; examinations; confidentiality 40-4331Same; taxation 40-4332Special purpose insurance captives; definitions 40-4333Same; applicable law 40-4334Certification required; requirements; authorization of commissioner to set and publish application fee 40-4335Same; plan of operation 40-4336Same; commissioner's findings to approve application 40-4337Same; incorporation of companies 40-4338Same; miscellaneous requirements 40-4339Same; contracts 40-4340Same; issuance of securities 40-4341Same; asset management 40-4342Same; admitted assets 40-4343Same; prohibited activities 40-4344Same; dividends and distributions; limitations 40-4345Same; plan of operation; changes 40-4346Same; affiliated agreements 40-4347Same; annual report 40-4348Same; examinations; reports 40-4349Same; taxation 40-4350Special purpose insurance captives; confidentiality 40-4351Same; conservation, rehabilitation or liquidation, grounds for 40-4352Same; rules and regulations 40-4353Citation of act 40-4354Technology-enabled fiduciary financial institution insurance company; powers and duties; types of insurance authorized; naming requirements; payment-in-kind policies; policy provisions 40-4355Captive insurance companies; redomestication 40-4361Citation of act 40-4362Formation of protected cell captive insurance company 40-4363Definitions 40-4364Filing requirements of applicants 40-4365Protected cells, establishment and maintenance, conditions of operations; powers of commissioner of insurance related thereto 40-4366Participants in protected cell captive insurance companies 40-4367Investment of assets; methods of valuation and rating 40-4368Application of the insurers supervision, rehabilitation and liquidation act; management of assets and liabilities by receiver 40-4369Pleading in legal actions; named parties; assets 40-4370Conversion; submission requirements 40-4305Surplus requirements 40-4316Companies subject to certain product liability insurance reporting requirements