40-1105. Revocation of certificate of authority, when. Whenever the surplus of any domestic or foreign insurance company authorized to transact any of the kinds or classes of business specified in section 40-1102 of this article shall be less than the minimum surplus required by law, the commissioner of insurance shall revoke the certificate of authority of such corporation to do business, in accordance with the hearing provisions set forth in K.S.A. 40-222.
History: L. 1927, ch. 231, 40-1105; L. 1967, ch. 265, ยง 1; July 1.
Structure Kansas Statutes
Article 11 - General Provisions Relative To Casualty, Surety And Fidelity Companies
40-1101 Insurance company defined.
40-1103 Paid-up capital stock and surplus required; deposits of securities; amount.
40-1104 Regulation of foreign companies; capital stock and surplus required.
40-1105 Revocation of certificate of authority, when.
40-1107 Maximum amount of one risk or hazard; exceptions.
40-1107a Same; title insurance company; exceptions.
40-1108 Reserves of surety company.
40-1110 Supplemental coverages or endorsements in connection with liability policies.
40-1112a Discount for motor vehicle insurance, when; conditions.
40-1119 Same; false or misleading information; penalty.
40-1126 Reports by insurers of health care providers of any actions to state board of healing arts.
40-1127 Same; content of reports.
40-1134 Title insurance companies; policy requirements.
40-1135 Title insurance agencies; purpose.
40-1137 Same; agents, authorized activities; use of client funds; escrow accounts, audit.
40-1138 Same; agent record requirements; inspection.
40-1139 Same; financial responsibility requirements.