§ 40-1201 Authority for formation; directors and officers; elections
§ 40-1202 Articles of incorporation; name
§ 40-1203 Kinds of insurance authorized
§ 40-1204 Certification of authority; conditions for issuance
§ 40-1205 Corporate membership; personal liability
§ 40-1206 Number of votes of members
§ 40-1207 Premiums, premium deposits; limitation on liability of policyholder; acceptance of notes for premiums in certain cases; determination of unearned premium reserves on certain policies
§ 40-1208 Reserves
§ 40-1209 Advancements to company; annual report; commission or promotion expenses prohibited; approval of commissioner to issue or retire certificates of indebtedness
§ 40-1210 Foreign mutual insurance companies; paid-up capital and surplus requirements
§ 40-1211 Premium tax; in lieu of certain other taxes
§ 40-1213 Certain existing companies or associations
§ 40-1215 Charter and other papers to be filed; approval; authorization
§ 40-1216 Merger or consolidation of certain mutual companies other than life
§ 40-1217 Merger or consolidation of certain mutual companies other than life; powers of merged company
§ 40-1218 Same; procedure
§ 40-1219 Same; vote of policyholders on agreement; meetings of policyholders, notice; required votes
§ 40-1219a Same; approval of policyholders of merger or consolidation of certain mutual companies not required
§ 40-1220 Same; application for approval of agreement by commissioner of insurance and policyholders; requirements
§ 40-1221 Same; approval by commissioner
§ 40-1222 Same; filing of approved or disapproved application or agreement; effect of consolidation or merger
§ 40-1223 Same; rights of dissatisfied policyholders; appraisement of interest; award; costs; judgment, when
§ 40-1224 Same; fees of officers or directors, prohibited unless disclosed; penalty
§ 40-1225 Same; construction of act; invalidity of part
§ 40-1226 Additional kinds of insurance authorized; surplus and deposit requirements
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Terms Used In Kansas Statutes > Chapter 40 > Article 12 - Mutual Insurance Companies Other Than Life

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • consolidation: means the joining of two (2) or more companies in any manner so that a single new consolidated company results therefrom. See Kansas Statutes 40-1216
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • merger: means the union of two (2) or more companies into a single company which is one of the companies so uniting. See Kansas Statutes 40-1216
  • Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Kansas Statutes 77-201
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Residence: means the place which is adopted by a person as the person's place of habitation and to which, whenever the person is absent, the person has the intention of returning. See Kansas Statutes 77-201
  • seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper. See Kansas Statutes 77-201
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • Usury: Charging an illegally high interest rate on a loan. Source: OCC
  • Voice vote: A vote in which the Presiding Officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of legisators voting on each side are not recorded.