40-1134. Title insurance companies; policy requirements. - Kansas Statutes

40-1134

Chapter 40.--INSURANCE Article 11.--GENERAL PROVISIONS RELATIVE TO CASUALTY, SURETY AND FIDELITY COMPANIES

      40-1134.   Title insurance companies; policy requirements.(a) Any title insurance companyinsuring titles to real estate located within Kansas shall specify in anypolicy issued when the governing body of a municipal or quasi-municipalcorporation in which the property is located has filed with the registerof deeds of the county or counties in which such municipal or quasi-municipalcorporation is located, a certified copy of any ordinance or resolution creatingor establishing any public improvement or special benefit district or anyother district having the power to impose special assessments upon taxabletangible real property in the district as required by K.S.A. 12-153 andamendments thereto, provided the municipal or quasi-municipal corporationcreating such public improvement or special benefit district has particularlydescribed: (1) The external boundaries of the district by metes and bounds;(2) all platted areas block or parcel in any addition, or subdivision; and(3) in all unplatted areas, every tract or parcel not otherwise specificallyidentified, which is or will be affected by such public improvement or specialbenefit district.

      (b)   No title insurance company shall exempt itself from the provisionsof subsection (a) by means of a general exclusion in the title insurance policy.

      History:   L. 1983, ch. 151, § 1; July 1.