Kansas Statutes 40-1619. Same; construction of act; exemption from certain provisions of law
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(a) Nothing contained in this act shall be construed to enlarge the powers of any insurance entity or to authorize any insurance entity to transact any kind of insurance business which it is not presently authorized to transact in this state or any other state or territory of the United States.
(b) No merger under this act shall be subject to the provisions of Kan. Stat. Ann. § 40-3304, and amendments thereto.
Terms Used In Kansas Statutes 40-1619
- Insurance entity: means the Armed Forces Cooperative Insuring Association or Armed Forces Insurance Exchange, or both. See Kansas Statutes 40-1615
- Merger: means the union of two or more insurance entities into a single insurance entity which is one of the insurance entities uniting. See Kansas Statutes 40-1615
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201