Kansas Administrative Regulations
Agency 40 - INSURANCE DEPARTMENT
Article 12 - SALE OF STOCK
Section 40-12-6 - Stock insurance companies; sale of stock; permits; holding companies
Universal Citation: KS Admin Regs 40-12-6
Current through Register Vol. 43, No. 39, September 26, 2024
A permit shall not be issued to a domestic insurance company in the process of organization where the company's stock plan provides that sufficient shares to effect control of the insurance company shall be issued to a holding company or other legal entity which is offering for sale shares of its authorized but unissued stock or of its treasury stock.
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