Kansas Statutes 74-4718. Insurance coverage for state-owned buildings; procedure; requirements
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 74-4718
- Committee: means the committee on surety bonds and insurance. See Kansas Statutes 74-4717
- Insurance: means and includes every type of insurance on property. See Kansas Statutes 74-4701
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
Subject to appropriations therefor, the committee shall purchase in accordance with Kan. Stat. Ann. §§ 75-3738 to 75-3748, inclusive, and amendments thereto, an insurance policy insuring against fire, extended coverage or other risks of direct physical loss to property, and provision for loss of income when required. Such insurance policy shall cover all buildings owned by the state except those specified under Kan. Stat. Ann. § 74-4720. Such policy shall provide for not less than $500,000 deductible per occurrence subject to an annual aggregate of not less than $500,000. Buildings covered by such policy shall be insured for at least 90% of the replacement cost thereof.