§ 40-5201 Assumption reinsurance agreement act; applicability; waiver of requirements, when allowed; exceptions
§ 40-5202 Same; definitions
§ 40-5203 Same; notice to policyholders; contents
§ 40-5204 Same; prior approval by commissioner required; duties of licensed foreign insurer
§ 40-5205 Same; rights of policyholders
§ 40-5206 Same; novation of insurance contract, when
§ 40-5207 Same; effect of similar law in another state
§ 40-5208 Same; continuation of certain protections
§ 40-5209 Same; required forms; contents
§ 40-5210 Same; citation of act; duties of commissioner; rules and regulations

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Terms Used In Kansas Statutes > Chapter 40 > Article 52 - Assumption Reinsurance Agreements

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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.
  • Contract: A legal written agreement that becomes binding when signed.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
  • 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.