40-223a. Insurance company annual statement examination fund established; purpose.
115 words·~1 min read·
/ks/chapter-40/40-223aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-223a. Insurance company annual statement examination fund established; purpose. A fund, designated "insurance company annual statement examination fund" in an amount not to exceed twenty-eight thousand dollars ($28,000) shall be set apart and maintained for the commissioner of insurance from insurance company tax and fee collections. Such fund shall be held by the state treasurer for the payment of expenses and salaries incurred in the auditing of securities deposited with the commissioner and examination of the annual statements required by K.S.A. 40-225 and shall be limited to the amount necessary to compensate and reimburse no more than five
(5)examiners for a period of time not exceeding ninety
(90)days in any one calendar year.