Kansas Insurance Guaranty Association Act (40-2901 et seq.)

What this document is

Kansas Statutes Chapter 40 Article 29 - Kansas Insurance Guaranty Association Act (40-2901 et seq.) 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. 40-2906(a)(3) (Assessment of member insurers)

  “The assessments of each member insurer shall be in the proportion that the net direct written premiums of the member insurer for the preceding calendar year bears to the net direct written premiums of all member insurers for the preceding calendar year.”

• K.S.A. 40-2903(c)(3)(B) (Covered claim; punitive or exemplary damages)

  “(B) any amount awarded as punitive or exemplary damages unless such damages were covered under the policy of the insolvent insurer; or”

• K.S.A. 40-2906(a)(1) (Workers compensation covered claims)

  “except that the association shall pay the full amount of any covered claim arising out of a workmen's compensation policy.”

• K.S.A. 40-2910(a) (Exhaustion of rights under other policies)

  “Any person having a claim against an insurer under any provision in an insurance policy other than a policy of an insolvent insurer that is also a covered claim shall be required to exhaust first such person's right under such policy.”

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More Kansas sources

• Kan. Stat. Ann. s. 40-2404: Unfair methods of competition and deceptive acts definedState statute
• Kan. Stat. Ann. s. 40-4909: License denial, suspension, revocation, or refusalState statute
• Kan. Stat. Ann. s. 40-4903: License required to sell, solicit, or negotiateState statute
• Kan. Stat. Ann. s. 40-420: Standard provisions required in life insurance policiesState statute
• Kansas Statutes Chapter 40 Article 22 - Accident and Sickness Insurance (K.S.A. 40-2201 through 40-2259)State statute
• Kansas Insurance Content OutlinesCandidate handbook or exam outline
• Kansas Insurance Licensing Candidate HandbookCandidate handbook or exam outline
• Kansas Statute 40-2c01 - Risk-based capital requirements; definitionsState statute