Casualty, Surety and Fidelity Companies (incl. 40-1112a motor vehicle accident prevention course discount)

What this document is

Kansas Statutes Chapter 40 Article 11 - Casualty, Surety and Fidelity Companies (incl. 40-1112a motor vehicle accident prevention course discount) is a state statute published by Kansas Office of Revisor of Statutes. It is one of the Kansas documents that insurance license exam questions are written from, including kansas property & casualty, kansas personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• K.S.A. 40-1105 (Revocation of certificate of authority when surplus is below the minimum)

  “Whenever the surplus of any domestic or foreign insurance company authorized to transact any of the kinds or classes of business specified in section 40-1102 of this article shall be less than the minimum surplus required by law, the commissioner of insurance shall revoke the certificate of...”

• K.S.A. 40-1104 (Regulation of foreign companies; capital, surplus and deposits)

  “Except as authorized in K.S.A. 40-209, 40-401, and 40-501, and amendments thereto, no insurance company organized under the laws of any other state, district, territory or possession of the United States shall hereafter transact any of the kinds or classes of business specified in K.S.A. 40-1102,...”

• K.S.A. 40-1112a(b) (Accident avoidance course discount; conditions)

  “(b) The premium reduction required by this section shall be effective for the principal operator of a covered vehicle for a three-year period after successful completion of the approved course, except that the insurer may require, as a condition of providing and maintaining the discount, that the...”

• K.S.A. 40-1112a(d) (Court-ordered or administratively ordered course)

  “This section shall not apply in the event the approved course is specified by an administrative order of the director of vehicles or by a court order as a result of a moving traffic violation.”

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Questions about this source

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