Kansas Administrative Regulations
Agency 40 - INSURANCE DEPARTMENT
Article 12 - SALE OF STOCK
Section 40-12-4 - Stock insurance companies; sale of stock; permit; amount paid-in; requirements
Universal Citation: KS Admin Regs 40-12-4
Current through Register Vol. 43, No. 39, September 26, 2024
A domestic insurance company in the process of organization and offering its stock for sale under a permit issued by the commissioner of insurance shall not be issued a certificate of authority to transact the business of insurance, as required by K.S.A. 40-214, until the full amount of stock authorized under the permit has been paid-in.
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