40-4117. Purchase of insurance through surplus lines agent or broker required, when. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.
History: L. 1987, ch. 172, ยง 8; April 30.
Structure Kansas Statutes
Article 41 - Risk Retention And Purchasing Groups
40-4108 Risk retention group prohibited from joining insolvency guaranty fund.
40-4109 Policy issued to risk retention group not required to be countersigned.
40-4114 Rules and regulations.
40-4117 Purchase of insurance through surplus lines agent or broker required, when.
40-4118 Federal preemption of commissioner's powers; injunctive authority restricted.
40-4119 Agents and brokers for risk retention groups; licensure.