40-19a12. Surplus; how distributed. Any surplus accumulated by a corporation subject to this act beyond a reserve fund equal to the amount disbursed during the preceding year for care received by subscribers and beyond the reserves required by K.S.A. 40-19a08, shall within one year after its accumulation be distributed to subscribers either in the form of increased benefits or rebate of subscription charges.
History: L. 1972, ch. 174, ยง 12; July 1.
Structure Kansas Statutes
Article 19a - Nonprofit Dental Service Corporations
40-19a02 Organization; purposes; function as administrative agent for group programs.
40-19a03 Membership of corporation; participating agreements from dentists; board of directors.
40-19a04 Contracts; authorization.
40-19a05 Certificate of authority; conditions.
40-19a06 Subscription agreements.
40-19a08 Subscription charges.
40-19a09 Advance of money; reports.
40-19a10 Insurance code sections applicable; medicaid coverage.
40-19a11 Disbursement limitations; administrative expenses defined.
40-19a12 Surplus; how distributed.