Kansas Administrative Regulations
Agency 40 - INSURANCE DEPARTMENT
Article 3 - FIRE AND CASUALTY INSURANCE
Section 40-3-6 - Fire and casualty insurance; rates and forms; fictitious classification prohibited
Universal Citation: KS Admin Regs 40-3-6
Current through Register Vol. 43, No. 39, September 26, 2024
(a) No insurer writing Kansas risks shall write fire, casualty, inland marine, or surety coverage upon any firm, corporation, individual, or association of individuals at any preferred rate, coverage, or premium based on any fictitious grouping or classification of risks.
(b) A fictitious grouping or classification of risks shall mean risks that meet the following conditions:
(1) Are inconsistent
with the classification or grouping of risks recognized by an insurer's
approved rate and policy form filings for individual risks;
(2) do not possess the necessary homogeneous
characteristics for group rating and classification; and
(3) do not comply with the provisions of the
Kansas insurance code.
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