Kansas Statutes 40-5803. Same; definitions
Terms Used In Kansas Statutes 40-5803
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
For the purposes of this act:
(a) “Delivered by electronic means” includes:
(1) Delivery to an electronic mail address at which a party has consented to receive notices or documents; or
(2) posting on an electronic network or site accessible via the internet, mobile application, computer, mobile device, tablet or any other electronic device, together with separate notice of the posting, which shall be provided by electronic mail to the address at which the party has consented to receive notice or by any other delivery method that has been consented to by the party.
(b) “Party” means any recipient of any notice or document required as part of an insurance transaction, including, but not limited to, an applicant, an insured, a policyholder or an annuity contract holder.
(c) “Health benefit plan” means the same as in Kan. Stat. Ann. § 40-4602, and amendments thereto. “Health benefit plan” shall also include any: (1) Individual health insurance policy; (2) individual or group dental insurance policy; or (3) nonprofit dental services corporation.
(d) “Nonprofit dental services corporation” means a nonprofit corporation organized pursuant to the nonprofit dental service corporation act, Kan. Stat. Ann. § 40-19a01 et seq., and amendments thereto.