40-3420. Professional corporation which reorganizes as not-for-profit corporation is continuing concern for purposes of obtaining basic coverage under health care provider insurance availability act. (a) Any professional corporation organized under the professional corporation law of Kansas that reorganizes as a Kansas not-for-profit corporation and seeks to comply with the provisions of the health care provider insurance availability act shall be considered to be a continuing concern for the purposes of obtaining basic coverage pursuant to the health care provider insurance availability act and shall not be considered to be an inactive health care provider. Any insurer issuing basic coverage to such corporation shall provide coverage for all claims made during the term of the policy issued which arose while the not-for-profit corporation was operating in this state as a professional corporation under the professional corporation law of Kansas.
(b) This section shall be part of and supplemental to the health care provider insurance availability act.
History: L. 1982, ch. 207, ยง 2; April 29.
Structure Kansas Statutes
Article 34 - Healthcare Provider Insurance
40-3403a Termination of fund coverage; equivalent insurance required.
40-3406 Investment of health care stabilization fund moneys.
40-3407 Payments from fund; claim payments.
40-3407a Same; expenditures irrespective of time liability incurred or judgment or settlement made.
40-3415 Consultation and assistance in maintaining compliance with act.
40-3417 Rules and regulations.
40-3423 Annuities purchased by fund.
40-3424 Fund liability for judgments or settlements against inactive healthcare providers.