Kansas Statutes
Article 10 - Mutual Fire And Tornado Companies
40-1014 Term of policies.

40-1014. Term of policies. Companies organized under the provisions of this article may issue policies for a term of not more than five years.
History: L. 1927, ch. 231, 40-1014; June 1.

Structure Kansas Statutes

Kansas Statutes

Chapter 40 - Insurance

Article 10 - Mutual Fire And Tornado Companies

40-1001 Mutual company for insurance against fire, lightning, tornado, hail or explosion; exceptions; extended coverage endorsements; limitations.

40-1001a Authority to insure glass breakage, vandalism and theft in addition to coverage under K.S.A. 40-1001; reserve fund and security deposit; requirements.

40-1002 Classification of insurable property.

40-1003 No policy issued until required application, premium notes and securities received.

40-1004 Directors; election; vacancy.

40-1005 Annual meeting of members; proxies.

40-1006 Officers; election; term.

40-1007 Deposit notes.

40-1008 Liability for losses; assessments; indebtedness.

40-1009 Recovery of assessments or on notes; cash policies not assessable.

40-1010 Suits for collection of assessments; liability of officers and directors; suits against company for losses.

40-1011 Property to be assessed and taxed.

40-1012 Bylaws.

40-1013 Classification of risks.

40-1014 Term of policies.

40-1015 Withdrawal of member of company; return premium; cancellation of policy, notice.

40-1016 Limitation on amount of risk; reinsurance.

40-1017 Execution and contents of policy.

40-1018 Reserve fund.

40-1019 Statement for annual meeting.

40-1020 Other corporations as members of company; vote.

40-1021 Guarantee fund.

40-1022 Creation and investment of such fund; liability.

40-1023 Scope of insurance by companies having guarantee fund; foreign companies.

40-1024 Cash or notes in payment of premiums; liability of members of company.

40-1025 Notice of creation of guarantee fund; examination; certificate of authority.

40-1026 Reinsurance of risks; assessment.

40-1027 Mutual fire and tornado companies; paid-up capital and surplus requirements.

40-1028 Consolidation of business into one class; vote of directors.

40-1029 Advances of money and issuance of certificates of indebtedness.