{"data":{"id":"us-ks/k.s.a.-40-4338","jurisdiction":"us-ks","citation":"K.S.A. 40-4338","heading":"Same; miscellaneous requirements.","body":"(a) Activities of a special purpose insurance captive shall be limited to those necessary to accomplish its purpose as outlined in its plan of operation.\n(b) The name of a special purpose insurance captive shall not be deceptively similar to or likely to be confused with another existing business name registered in the state.\n(c) A special purpose insurance captive must have at least three incorporators or organizers, at least one of whom shall be a resident of the state.\n(d) The capital stock of a special purpose insurance captive incorporated as a stock company shall be issued at not less than par value.","path":["Chapter 40.—INSURANCE","Article 43.—CAPTIVE INSURANCE COMPANIES"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch40/040_043_0038.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:15:41Z","sha256":"2682d6e96a86737bdfdf21cbce34ef5c3be5d942004dc5d81671241282710103","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-40-4337","next":"us-ks/k.s.a.-40-4339"},"notice":"GroundRules: Original legal text. Not legal advice."}