Kansas Statutes 40-3014. Examination and regulation by commissioner; financial report
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Terms Used In Kansas Statutes 40-3014
- association: means the Kansas life and health insurance guaranty association created under Kan. See Kansas Statutes 40-3005
- commissioner: means the commissioner of insurance of this state;
(d) "contractual obligation" means any obligation of a policy or contract or certificate under a group policy or contract, or portion thereof, for which coverage is provided under Kan. See Kansas Statutes 40-3005
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, not later than 120 days after the association’s fiscal year ends, a financial report in a form approved by the commissioner and a report of its activities during the preceding fiscal year.