Kansas Statutes 40-2c28. Property and casualty insurer exempt; when
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Terms Used In Kansas Statutes 40-2c28
- Commissioner: means the commissioner of insurance. See Kansas Statutes 40-2c01
- Property and casualty insurer: means any insurance company licensed under articles 9, 10, 11, 12, 12a, 15 or 16 ofchapter 40 of the Kansas Statutes Annotated, and amendments thereto, but does not include monoline mortgage guaranty insurers, financial guaranty insurers and title insurers. See Kansas Statutes 40-2c01
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
The commissioner may exempt from the application of Kan. Stat. Ann. §§ 40-2c01 through 40-2c27, and amendments thereto, any domestic property and casualty insurer which:
(a) Writes direct business only in this state;
(b) writes direct annual premiums of $2,000,000 or less; and
(c) assumes no reinsurance in excess of 5% of direct premiums written.