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Code · Kansas · Chapter 40 — Insurance

40-1630. Reciprocal; assessable insurance policies, prohibition against issuance.

55 words·~1 min read·/ks/chapter-40/40-1630

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40-1630. Reciprocal; assessable insurance policies, prohibition against issuance. No reciprocal shall issue any assessable insurance policies. The subscribers of a reciprocal shall not be personally liable for the payment of the reciprocal's debts or obligations. Any judgment against a reciprocal shall be binding only upon the reciprocal and not upon each of the reciprocal's subscribers.
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