40-1615. Merger of Armed Forces Cooperative Insuring Association with Armed Forces Insurance Exchange; definitions. - Kansas Statutes

40-1615

Chapter 40.--INSURANCE Article 16.--RECIPROCAL OR INTERINSURANCE CONTRACTS

      40-1615.   Merger of Armed Forces Cooperative Insuring Association withArmed Forces Insurance Exchange; definitions.As used in this act:

      (a)   "Armed Forces Cooperative Insuring Association" means the associationorganized as an unincorporated cooperative association operating within thefederal enclave of Ft. Leavenworth, Kansas.

      (b)   "Armed Forces Insurance Exchange" means the unincorporated reciprocalexchange operating in Leavenworth, Kansas, under the laws of the state ofKansas.

      (c)   "Armed Forces Insurance Corporation" means the attorney-in-fact forArmed Forces Insurance Exchange, incorporated under the laws of the state ofKansas.

      (d)   "Insurance entity" means the Armed Forces Cooperative InsuringAssociation or Armed Forces Insurance Exchange, or both.

      (e)   "Merger" means the union of two or more insurance entities into a singleinsurance entity which is one of the insurance entities uniting.

      History:   L. 1992, ch. 72, § 1; May 7.