Kansas Administrative Regulations
Agency 40 - INSURANCE DEPARTMENT
Article 2 - LIFE INSURANCE
Section 40-2-19 - Kansas life and health insurance guaranty association act; notice to policyholders; requirements
Universal Citation: KS Admin Regs 40-2-19
Current through Register Vol. 43, No. 39, September 26, 2024
(a) The disclaimer required by L. 1986, Ch. 180, Sec. 15(c) shall be printed in bold face type and included on the face page of the summary document required by L. 1986, Ch. 180, Sec. 15(b). The disclaimer shall be entitled, "Disclaimer", and shall contain the following statements:
(1) the policy or
contract, or a portion of it, may not be covered by the Kansas life and health
insurance guaranty association;
(2) even if coverage is available for a
portion of the policy, coverage is subject to significant limitations and
exclusions and is conditioned upon continued residency in this state;
(3) the Kansas life and health
insurance guaranty association or the Kansas insurance department will respond
to any questions regarding the extent of coverage, if any, under the Kansas
life and health insurance guaranty fund. The addresses of the association and
insurance department shall follow this statement;
(4) the insurance company and agent are
prohibited by law from using the existence of the Kansas life and health
insurance guaranty association or its coverage to sell an insurance policy or
contract; and
(5) the policy or
contract holder should not rely on coverage from the Kansas life and health
insurance guaranty association when selecting an insurance company.
(b) The notice to policyholders required by L. 1986, Ch. 180, Sec. 15(d) shall be printed in bold face type on a separate one page document not less than eight inches by five inches, with type not less than 10-point. The notice shall be entitled, "Special Notice", and shall contain the following information:
(1) Company name and address;
(2) a statement disclosing that all or a
portion of the policy or contract is not guaranteed by the insurer or all or a
portion of the risk under the policy or contract is borne by the policy or
contract holder and is not covered by the Kansas life and health insurance
guaranty association; and
(3) the
statements required by subparagraphs (2), (3) and (4) of subsection (a) of this
regulation.
Disclaimer: These regulations may not be the most recent version. Kansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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