40-253. Payment of fees and taxes in other states by Kansas companies; retaliatory measures, when. - Kansas Statutes

40-253

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

      40-253.   Payment of fees and taxes in other states by Kansas companies;retaliatory measures, when.Whenever the existing or future laws of any other state or country shallrequire from insurance companies or fraternal benefit societies organizedunder the laws of this state, applying to do business in such other stateor country, any deposit of securities in such state or country for theprotection of policyholders therein or any payment fortaxes, fines, penalties, certificates of authority, licenses, fees, orcompensation for examination, including taxes or fees based on firepremiums,greater than the amountrequired for such purpose from insurance companies or agents of otherstates by the then existing laws of this state, then, and in every case,all companies and agents of any such state or country, doing business inthis state shall make the same deposit, for a like purpose, with thecommissioner of insurance of this state, and pay to the commissioner ofinsurance for taxes, fines, penalties, certificates of authority, licenses,fees, or compensation for examination, including taxes or fees based onfire premiums,an amount equal to theamount of such charges and payments imposed by the laws of such other stateor country upon the companies of this state and the agents thereof. The provisions of this section shall not apply to special purposeassessments or guaranty association assessments both under the laws of thisstate and under the laws of any other state or country, and any tax offset orcredit for any such assessment shall, for purposes of this section, be treatedas a tax paid both under the laws of this state and under the laws of any otherstate or country.

      History:   L. 1927, ch. 231, 40-253; L. 1951, ch. 293, § 1; L. 1967, ch. 256, §1;L. 1997, ch. 175, § 6; July 1.