40-223a. Insurance company annual statement examination fund established; purpose. - Kansas Statutes

40-223a

Chapter 40.--INSURANCE Article 2.--GENERAL PROVISIONS

      40-223a.   Insurance company annual statement examination fund established; purpose.A fund, designated "insurance company annual statementexamination fund" in an amount not to exceed twenty-eight thousand dollars($28,000) shall be set apartand maintained for the commissioner ofinsurance from insurance company tax and fee collections. Such fundshall be held by the state treasurer for the payment of expenses andsalaries incurred in the auditing of securities deposited with the commissionerand examination of the annualstatements required by K.S.A. 40-225 and shall be limited tothe amount necessary to compensate and reimburse no more thanfive (5)examiners for a period of time not exceeding ninety (90)days in any onecalendar year.

      History:   L. 1971, ch. 157, § 1; L. 1979, ch. 135, § 1; July 1.