40-1518. Reinsurance; approval of commissioner. Any mutual hail insurance company organized in this state may by policy, treaty or other agreement cede to or accept from any insurance company or other insurer, reinsurance upon the whole or any part of any risk with or without contingent liability or participation, or with or without membership in such insurance company: Provided, No such reinsurance shall be effected with any company or insurer until approved by written order of the commissioner of insurance filed in his office.
History: L. 1927, ch. 231, 40-1518; L. 1957, ch. 285, ยง 1; March 27.
Structure Kansas Statutes
Article 15 - Mutual Hail Insurance Companies
40-1501 Formation of companies; membership fee.
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.
40-1511 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.