# 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

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A30_S40-3006

## Section

- **Citation:** K.S.A. § 40-3006
- **Heading:** 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
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 40 / Article 30 / Section 40-3006

## Text

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. (a) There is hereby created a nonprofit legal entity to be known as the Kansas life and health insurance guaranty association. All member insurers shall be and remain members of the association as a condition of their license or authority to transact insurance or health maintenance organization business in this state. The association shall perform its functions under the plan of operation established and approved under K.S.A. 40-3010, and amendments thereto, and shall exercise its powers through a board of directors established under K.S.A. 40-3007, and amendments thereto. For purposes of administration and assessment, the association shall maintain three accounts:

(1) Health account;

(2) life insurance account; and

(3) annuity account, excluding unallocated annuities.

(b) The association shall come under the immediate supervision of the commissioner and shall be subject to the applicable provisions of the insurance laws of this state. Meetings or records of the association may be opened upon majority vote of the board of directors of the association.

## 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_S40-3006. Check the current official text before relying on it. Not legal advice.