40-2c28. Property and casualty insurer exempt; when.

40-2c28

Chapter 40.--INSURANCE Article 2c.--RISK-BASED CAPITAL REQUIREMENTS

      40-2c28.   Property and casualty insurer exempt;when.The commissioner may exempt from the application of K.S.A.40-2c01 through 40-2c27, and amendments thereto, any domesticproperty and casualty insurer which:

      (a)   Writes direct business only in this state;

      (b)   writes direct annual premiums of $2,000,000 or less; and

      (c)   assumes no reinsurance in excess of 5% of direct premiums written.

      History:   L. 1996, ch. 134, § 10; July 1.