40-973. Same; effect on existing policy, limitation on.
122 words·~1 min read·
/ks/chapter-40/40-973A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-973. Same; effect on existing policy, limitation on. Within the limitation specified in K.S.A. 40-970 , and amendments thereto, no rate increase may be implemented with regard to an individual existing policy, unless such increase is applied at the time of a renewal or conditional renewal of an existing policy and the insurer mails or delivers to the named insured, at the address shown in the policy, a written notice that clearly and conspicuously discloses its intention to change the rate, at least 30 days in advance of the end of the insured's policy period.
A notice of renewal or conditional renewal that clearly and conspicuously discloses the renewal premium applicable to the policy shall be deemed to comply with this section.