Kansas Statutes 40-3423. Annuities purchased by fund
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 40-3423
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Fund: means the healthcare stabilization fund established pursuant to Kan. See Kansas Statutes 40-3401
The health care stabilization fund may own or assign any annuity purchased by the fund pursuant to Kan. Stat. Ann. § 60-3407, 60-3409 or 60-3411 or pursuant to Kan. Stat. Ann. §§ 40-3410 and amendments thereto in settlements of the liability of the fund.