74-4718. Insurance coverage for state-owned buildings; procedure; requirements. Subject to appropriations therefor, the committee shall purchase in accordance with K.S.A. 75-3738 to 75-3748, inclusive, and amendments thereto, an insurance policy insuring against fire, extended coverage or other risks of direct physical loss to property, and provision for loss of income when required. Such insurance policy shall cover all buildings owned by the state except those specified under K.S.A. 74-4720. Such policy shall provide for not less than $500,000 deductible per occurrence subject to an annual aggregate of not less than $500,000. Buildings covered by such policy shall be insured for at least 90% of the replacement cost thereof.
History: L. 1992, ch. 276, ยง 2; July 1.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 47 - Insurance By Public Agencies
74-4702 Specific authority required for purchase of property insurance by state agencies.
74-4703 Fire and extended coverage insurance on certain property authorized, when.
74-4705 Boiler insurance authorized.
74-4706 No payment where insurance unauthorized.
74-4707 Purchase of motor vehicle liability insurance by state agencies; coverage, limitation.
74-4718 Insurance coverage for state-owned buildings; procedure; requirements.
74-4719 Same; administration; powers and duties of department; rules and regulations.
74-4720 Same; buildings authorized to be excluded from coverage.
74-4721 Same; annual report to legislature by department.
74-4722 Liability insurance coverage for wildlife, parks and tourism vessels.