40-12a09. Annual statement; accounting procedures. - Kansas Statutes

40-12a09

Chapter 40.--INSURANCE Article 12a.--MUTUAL INSURANCE COMPANIES ORGANIZED TO PROVIDE HEALTH CARE PROVIDER LIABILITY INSURANCE

      40-12a09.   Annual statement; accountingprocedures.Each company organized pursuant to this act shall file anannual statement each year in accordance with the requirements for domesticinsurers writing the same kind of insurance.Any company organized pursuant to this section which states its liabilitiesfor losses and loss adjustment expenses on a present value basis on theeffective date of this act shall be allowed a reasonable period of time todiscontinue such practice in accordance with a plan approved by thecommissioner.

      History:   L. 1988, ch. 147, § 9;L. 2000, ch. 147, § 1; July 1.