12-2622. Same; investments. The trustees shall not utilize any of the contributions collected as premiums for any purpose unrelated to the pool. Moneys not needed for current obligations may be invested by the trustees. Such investments shall be limited to investments permitted by K.S.A. 12-1677b and 75-4209, and amendments thereto, except that a pool which has been in existence for at least five years shall be permitted to invest in any of the securities or other investments permitted by article 2a of chapter 40 of the Kansas Statutes Annotated.
History: L. 1987, ch. 74, § 7; L. 1999, ch. 95, § 4; July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
12-2615 Uninsured risks; payment of; funds.
12-2616 Name and citation of act; application of 40-2209 and 40-2215.
12-2618 Certificate of authority to operate pool; application; hearing upon denial of application.
12-2619 Irrevocable consent for service of process on commissioner of insurance.
12-2621 Premium contributions, determination, deposit and use; refunds.
12-2624 Gross premium tax, rate, payment; deductions for cancellations and dividends.
12-2628 Licensing of persons or agencies soliciting insurance business for pool.
12-2629 Commissioner of insurance to provide advice and counsel to local governments.