{"data":{"id":"us-ks/k.s.a.-58a-113","jurisdiction":"us-ks","citation":"K.S.A. 58a-113","heading":"Insurable interest of trustee.","body":"(a) In this section, \"settlor\" means a person that executes a trust instrument. The term includes a person for which a fiduciary or agent is acting.\n(b) A trustee of a trust has an insurable interest in the life of an individual insured under a life insurance policy that is owned by the trustee of the trust acting in a fiduciary capacity or that designates the trust itself as the owner if, on the date the policy is issued:\n(1) The insured is:\n(A) A settlor of the trust; or\n(B) an individual in whom a settlor of the trust has, or would have had if living at the time the policy was issued, an insurable interest; and\n(2) the life insurance proceeds are primarily for the benefit of one or more trust beneficiaries that have:\n(A) An insurable interest in the life of the insured; or\n(B) a substantial interest engendered by love and affection in the continuation of the life of the insured and, if not already included under subparagraph (A), who are:\n(i) Related within a third degree or closer, as measured by the civil law system of determining degrees of relation, either by blood or law, to the insured; or\n(ii) stepchildren of the insured, or children of the insured's stepchild, either by blood or law.\n(c) This section shall be part of the* supplemental to the Kansas uniform trust code.","path":["Chapter 58a.—KANSAS UNIFORM TRUST CODE","Article 1.—GENERAL PROVISIONS AND DEFINITIONS"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch58a/058a_001_0013.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:56:33Z","sha256":"2aeb2b1d67d41e0e9e1005f44a5647151f64d8cf81572bf3f487f44b033b950d","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58a-112","next":"us-ks/k.s.a.-58a-201"},"notice":"GroundRules: Original legal text. Not legal advice."}