Kansas Statutes > Chapter 40 > Article 15 – Mutual Hail Insurance Companies


§ 40-1501	Formation of companies; membership fee
§ 40-1502	Statement of incorporators to be filed; contents of charter; deposit of securities; certificate of authority
§ 40-1503	Application for insurance; premium; insured as members of company
§ 40-1504	Assessments; adjustment and payment of losses; losses paid when adjusted, when
§ 40-1505	Recovery of assessments; limitation of liability of member
§ 40-1506	Reserve fund; investment
§ 40-1507	Annual meeting; voting of members
§ 40-1508	Officers; election; term
§ 40-1509	Meetings of directors
§ 40-1510	Powers and duties of directors; bylaws; duties and compensation of officers; rates of insurance and membership fees
§ 40-1511	Directors; election; vacancy
§ 40-1512	Policies; liability; membership
§ 40-1513	Misrepresentations by assured
§ 40-1514	Withdrawal by policyholder
§ 40-1515	Uniform rates for same class of risks
§ 40-1516	Unlawful acts of foreign companies; reinsurance therewith by domestic company prohibited
§ 40-1517	Attorney’s fee in actions
§ 40-1518	Reinsurance; approval of commissioner
§ 40-1519	Insuring or reinsuring growing crops against direct loss or damage by fire, when; insuring harvested crops being transported for any loss

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Contract: A legal written agreement that becomes binding when signed.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Lien: A claim against real or personal property in satisfaction of a debt.
Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
Property: includes personal and real property. See Kansas Statutes 77-201
Quorum: The number of legislators that must be present to do business.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
Voice vote: A vote in which the Presiding Officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of legisators voting on each side are not recorded.