Kansas § 40-4001 - Conversion authority; review by commissioner; act to be liberally construed. A domestic mutual insurer issuing nonassessable policies may b
Full text of Kansas Kansas Statutes Annotated § 40-4001 — Conversion authority; review by commissioner; act to be liberally construed. A domestic mutual insurer issuing nonassessable policies may b, with citation guidance and answers to common questions.
§ 40-4001. Conversion authority; review by commissioner; act to be liberally construed. A domestic mutual insurer issuing nonassessable policies may b
40-4001. Conversion authority; review by commissioner; act to be liberally construed. A domestic mutual insurer issuing nonassessable policies may be converted into a domestic stock insurer. To that end, it may provide and carry out a plan for such conversion by complying with the requirements of this act. Because it is not possible to anticipate all of the circumstances and considerations which may arise incident to a conversion from a mutual insurer to a stock insurer, the commissioner has broad authority in reviewing such conversion, and the procedures and criteria to be applied by the commissioner are flexible within the parameters of this act. This act shall be liberally construed to effect the legislative intent set forth in this section and shall not be interpreted to limit the powers granted to the commissioner by other provisions of law.History: L. 1985, ch. 154, § 1; L. 1997, ch. 107, § 1; July 1.
Source: official Kansas text · Last verified 2026-08-27
Frequently Asked Questions About Kansas § 40-4001
What does Kansas Statutes Annotated § 40-4001 cover?
Section 40-4001 ("Conversion authority; review by commissioner; act to be liberally construed. A domestic mutual insurer issuing nonassessable policies may b") is part of the Kansas Statutes Annotated, the codified statutory law of Kansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Kansas § 40-4001?
A common citation format is "Kansas Statutes Annotated § 40-4001" (Kansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Kansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Kansas official source linked on this page or consult a licensed Kansas attorney.
How does Kansas § 40-4001 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Kansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Kansas.