40-2126. Same; uninsurable health insurance plan fund; transfers to fund plan losses; transfer of plan surplus to fund. - Kansas Statutes

40-2126

Chapter 40.--INSURANCE Article 21.--MISCELLANEOUS PROVISIONS

      40-2126.   Same; uninsurable health insurance plan fund; transfers to fundplan losses; transfer of plan surplus to fund.There is hereby created in the state treasury a fund to beknown and designated as the uninsurable health insurance plan fund. Periodically, the plan shall compare the premiums earned to thelosses and expenses sustained by the plan. If there is any excess of lossesand expenses over premiums earned, an amount determined by the commissioner tobe necessary to fund such excess losses and expenses shall be transferred fromthe uninsurable health insurance plan fund to the plan to pay claims andexpenses resulting from its operation. If there is any surplus of premiumsearned over losses and expenses, such surplus shall be transferred to theuninsurable health insurance plan fund from the plan.All expenditures from the uninsurable health insurance plan fund shallbe made in accordance with appropriation acts upon warrants of the director ofaccounts and reports issued pursuant to vouchers approved by the commissioneror a person or persons designated by the commissioner.

      History:   L. 1992, ch. 209, § 10; July 1.