40-1217. Merger or consolidation of certain mutual companies other than life; powers of merged company. Any, other than life, solvent domestic mutual insurance company, organized pursuant to the provisions of K.S.A. chapter 40, article 10, 12 or 15, may:
(1) Merge or consolidate with any other, other than life, solvent domestic mutual insurance company as hereinafter provided.
(2) Merge or consolidate with any other, other than life, solvent non-domestic mutual insurance company which is authorized to do an insurance business in this state if such merger or consolidation is authorized by the laws of the state or territory in which such non-domestic company is organized as hereinafter provided.
(3) By virtue of such merger or consolidation, do the kinds of insurance business in the manner and for the purposes for which a, other than life, mutual insurance company may be organized in this state or in the manner and for the purposes for which a, other than life, non-domestic mutual insurance company may be licensed or authorized to do business in this state.
History: L. 1957, ch. 289, § 2; L. 1970, ch. 180, § 1; July 1.
Structure Kansas Statutes
Article 12 - Mutual Insurance Companies Other Than Life
40-1201 Authority for formation; directors and officers; elections.
40-1202 Articles of incorporation; name.
40-1203 Kinds of insurance authorized.
40-1204 Certification of authority; conditions for issuance.
40-1205 Corporate membership; personal liability.
40-1206 Number of votes of members.
40-1210 Foreign mutual insurance companies; paid-up capital and surplus requirements.
40-1211 Premium tax; in lieu of certain other taxes.
40-1213 Certain existing companies or associations.
40-1215 Charter and other papers to be filed; approval; authorization.
40-1216 Merger or consolidation of certain mutual companies other than life.
40-1219 Same; vote of policyholders on agreement; meetings of policyholders, notice; required votes.
40-1221 Same; approval by commissioner.
40-1224 Same; fees of officers or directors, prohibited unless disclosed; penalty.
40-1225 Same; construction of act; invalidity of part.
40-1226 Additional kinds of insurance authorized; surplus and deposit requirements.