Kansas Statutes 40-2914. Same; rates and premiums of policies to include amounts of assessments to association
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 40-2914
- Association: means the Kansas insurance guaranty association created by this act. See Kansas Statutes 40-2903
- Member insurer: means any person who (1) is authorized to write any kind of insurance to which this act applies under Kan. See Kansas Statutes 40-2903
The rates and premiums charged for insurance policies to which this act applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.