# K.S.A. § 40-3002: 40-3002 - Purpose of act

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3002

## Section

- **Citation:** K.S.A. § 40-3002
- **Heading:** 40-3002 - Purpose of act
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 40 / Article 30 / Section 40-3002

## Text

40-3002. Purpose of act. (a) The purpose of this act is to protect, subject to certain limitations, the persons specified in K.S.A. 40-3003, and amendments thereto, against failure in the performance of contractual obligations, under life, health and annuity policies, plans and contracts specified in K.S.A. 40-3003, and amendments thereto, because of the impairment or insolvency of the member insurer that issued the policies or contracts.

(b) To provide this protection, an association of member insurers is created to pay benefits and to continue coverages as limited herein, and members of the association are subject to assessment to provide funds to carry out the purpose of this act.

## Nearby sections

- [K.S.A. § 40-3001 40-3001 - Name and citation of act.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3001.md)
- [K.S.A. § 40-3002 40-3002 - Purpose of act.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3002.md)
- [K.S.A. § 40-3003 40-3003 - Persons provided coverage; policies and contracts specified.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3003.md)
- [K.S.A. § 40-3005 40-3005 - Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3005.md)
- [K.S.A. § 40-3006 40-3006 - Creation of Kansas life and health insurance guaranty association; members; functions and powers; accounts; association under supervision of commissioner and insurance laws of state; meetings or records.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3006.md)
- [K.S.A. § 40-3007 40-3007 - Board of directors of association; membership; selection; approval; vacancies; compensation; removal.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3007.md)
- [K.S.A. § 40-3008 40-3008 - Powers and duties of association; limitations of liability of association; mandatory payment of certain claims.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3008.md)
- [K.S.A. § 40-3009 40-3009 - Assessment of member insurers to provide funds for administration of association; classes of assessment; limitations; refunds to insurers; certificates of contribution.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3009.md)
- [K.S.A. § 40-3010 40-3010 - Plan of operation; powers of commissioner; rules and regulations; mandatory and permissive provisions of plan; reimbursement for certain payments.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3010.md)
- [K.S.A. § 40-3011 40-3011 - Additional powers of commissioner; revocation of authority; appeals; judicial review; notice of effect of act.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3011.md)
- [K.S.A. § 40-3012 40-3012 - Duties of commissioner and board for the detection and prevention of insurer impairments; reports and recommendations of board to commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3012.md)
- [K.S.A. § 40-3013 40-3013 - Liability for unpaid assessments of insureds of impaired or insolvent insurers under plan; records of negotiations made public, when; association deemed creditor, when; use of assets of impaired or insolvent insurer; equitable distribution of rights; recovery of distributions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3013.md)
- [K.S.A. § 40-3014 40-3014 - Examination and regulation by commissioner; financial report.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3014.md)
- [K.S.A. § 40-3015 40-3015 - Association exempt from certain fees and taxes.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3015.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3002. Check the current official text before relying on it. Not legal advice.