40-4319. Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner.
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/ks/chapter-40/40-4319A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-4319. Captive insurance companies; pure captive insurance companies; rules and regulations, authority of commissioner. The commissioner may adopt rules and regulations establishing standards to ensure that a pure captive insurance company's parent or any of its affiliated companies is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company, except that, until such time as rules and regulations under this section are adopted, the commissioner may approve the coverage of such risks by a pure captive insurance company on a case-by-case basis.