Kansas Statutes 40-246g. Surplus lines producer; exempt commercial purchaser
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Terms Used In Kansas Statutes 40-246g
- Insurer: means any person, firm, association or corporation duly licensed in this state as an insurance company. See Kansas Statutes 40-2,130
- Oversight: Committee review of the activities of a Federal agency or program.
(a) A surplus lines producer seeking to place non-admitted insurance for an exempt commercial purchaser is not required to file the signed statement under Kan. Stat. Ann. § 40-246b, and amendments thereto, if the surplus lines producer has disclosed to the exempt commercial purchaser that such insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight and the exempt commercial purchaser has subsequently requested in writing the surplus lines producer to procure or place such insurance from a nonadmitted insurer.
(b) This section shall take effect on and after January 1, 2016.