40-205a. Application for license to sell stock of insurance company or health maintenance organization; authorization of commissioner to set and publish fee.
198 words·~1 min read·
/ks/chapter-40/40-205aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-205a. Application for license to sell stock of insurance company or health maintenance organization; authorization of commissioner to set and publish fee.
(a)No person shall perform any act toward selling the stock of any insurance company or health maintenance organization unless such person first obtains from the commissioner of insurance written authority to engage in the business of selling the stock of such company. Such applicant shall first be appointed in writing by the president or secretary of the company for which such applicant intends to sell stock. The applicant for such license shall file with the commissioner of insurance the applicant's written application for a license authorizing the applicant to engage in the business of selling such stock. The applicant shall make sworn answers to such interrogatories as the commissioner of insurance shall require. The fee charged for the issuance of such license shall not exceed $100 and shall be paid to the commissioner of insurance by the company requesting such license.
(b)Not later than December 1 of each year, the commissioner shall set and cause to be published in the Kansas register the fee required pursuant to this section for the next calendar year.