K.S.A. § 40-2904 (2026)
Same; creation of nonprofit association, membership; functions
40-2904. Same; creation of nonprofit association, membership; functions. There is created a nonprofit unincorporated legal entity to be known as the Kansas insurance guaranty association. All insurers defined as member insurers in K.S.A. 40-2903(e) shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under K.S.A. 40-2907 and shall exercise its powers through a board of directors established under K.S.A. 40-2905.
History: L. 1970, ch. 185, § 4; March 27.
CASE ANNOTATIONS
1. Whether partial payment of claim by insolvent insurer alters KIGA's liability where shortfall still exists examined. Kansas Dept. of Health & Environment v. Kansas Ins. Guaranty Ass'n, 254 Kan. 863, 866, 869 P.2d 692 (1994).