40-2904. Same; creation of nonprofit association, membership; functions.
87 words·~1 min read·
/ks/chapter-40/40-2904A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-2904. Same; creation of nonprofit association, membership; functions. There is created a nonprofit unincorporated legal entity to be known as the Kansas insurance guaranty association. All insurers defined as member insurers in K.S.A. 40-2903
(e)shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under K.S.A. 40-2907 and shall exercise its powers through a board of directors established under K.S.A. 40-2905 .