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Kansas · Through 2025 legislative session

K.S.A. 40-12a08: Liability of insureds; certain distributions precluded; distribution of dividends.

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Where this section sits in the code
  1. Chapter 40.—INSURANCE
  2. Article 12a.—MUTUAL INSURANCE COMPANIES ORGANIZED TO PROVIDE HEALTH CARE PROVIDER LIABILITY INSURANCE

No insured shall be liable for any amounts other than the annual premium. The business of the company shall be conducted so as to preclude any distribution of income, profit or property of the company to the individual members thereof except in payment of dividends, debts, claims or indemnities or upon the final dissolution of the company. Dividends may be credited to a member's account and distributed in accordance with a plan adopted by the board of directors.

Collected 2026-10-15T06:14:41Z. Source file · JSON

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