# K.S.A. § 40-3301: 40-3301 - Declaration of public interest and policy > Kansas · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3301 ## Section - **Citation:** K.S.A. § 40-3301 - **Heading:** 40-3301 - Declaration of public interest and policy - **Jurisdiction:** Kansas - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** KS Code / Chapter 40 / Article 33 / Section 40-3301 ## Text 40-3301. Declaration of public interest and policy. (a) It is hereby found and declared that it may not be inconsistent with the public interest and the interest of policyholders to permit insurers to: (1) Engage in activities which would enable them to make better use of management skills and facilities; (2) diversify into new lines of business through acquisition or organization of subsidiaries; (3) have free access to capital markets which could provide funds for insurers to use in diversification programs; (4) implement sound tax planning conclusions; and (5) serve the changing needs of the public and adapt to changing conditions of the social, economic and political environment, so that insurers are able to compete effectively and to meet the growing public demand for institutions capable of providing a comprehensive range of financial services. (b) It is further found and declared that the public interest and the interests of policyholders are or may be adversely affected when: (1) Control of an insurer is sought by persons who would utilize such control adversely to the interests of policyholders; (2) acquisition of control of an insurer would substantially lessen competition or create a monopoly in the insurance business in this state; (3) an insurer which is part of a holding company system is caused to enter into transactions or relationships with affiliated companies on terms which are not fair and reasonable; or (4) an insurer pays dividends which jeopardize the financial condition of such insurer. (c) It is hereby declared that the policies and purposes of this act are to promote the public interest by: (1) Facilitating the achievement of the objectives enumerated in subsection (a) of this section; (2) requiring disclosure of pertinent information relating to changes in control of an insurer; (3) requiring disclosure by an insurer of material transactions and relationships between the insurer and its affiliates, including certain dividends paid by the insurer; and (4) providing standards governing material transactions between the insurer and its affiliates. (d) It is further declared that it is desirable to prevent unnecessary multiple and conflicting regulation of insurers. Therefore, this state shall exercise regulatory authority over domestic insurers and, unless otherwise provided in this act, not over nondomestic insurers, with respect to the matters contained herein. ## Nearby sections - [K.S.A. § 40-3301 40-3301 - Declaration of public interest and policy.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3301.md) - [K.S.A. § 40-3302 40-3302 - Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3302.md) - [K.S.A. § 40-3303 40-3303 - Domestic insurer's acquisition of subsidiaries; authorized investments.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3303.md) - [K.S.A. § 40-3304 40-3304 - Transactions affecting control of domestic insurer; approval of commissioner; statement filed with commissioner, contents, authorization of commissioner to set and publish filing fee; substitution of securities registration statement; disapproval of transaction, hearing; consolidated hearing and opt-out; retainer of professionals and experts to assist review; exempt transactions; violations; jurisdiction of courts; service of process.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3304.md) - [K.S.A. § 40-3305 40-3305 - Insurers of an insurance holding company system subject to registration; annual groups capital calculation and NAIC liquidity stress test framework, when required.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3305.md) - [K.S.A. § 40-3306 40-3306 - Insurer deemed by commissioner to be in hazardous financial condition; deposit or bond required, when; amount of deposit; disposition of records, data and premiums held by affiliate of an insurer.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3306.md) - [K.S.A. § 40-3307 40-3307 - Examination of registered insurers; powers of commissioner; expert advisers; expenses, liability of insurers; subpoenas.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3307.md) - [K.S.A. § 40-3308 40-3308 - Confidentiality of information and documents disclosed to or filed with commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3308.md) - [K.S.A. § 40-3309 40-3309 - Rules, regulations and orders of commissioner; hearings.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3309.md) - [K.S.A. § 40-3310 40-3310 - Enjoining violations; illegally acquired securities; effect on shareholder voting; injunctions; seizure or sequestration of illegally acquired securities; situs of ownership of domestic insurer's securities.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3310.md) - [K.S.A. § 40-3311 40-3311 - Violations of act; penalties.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3311.md) - [K.S.A. § 40-3315 40-3315 - Liquidation or rehabilitation of insurer; what is recoverable by receiver.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3315.md) - [K.S.A. § 40-3316 40-3316 - Supervisory college; powers of commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3316.md) - [K.S.A. § 40-3317 40-3317 - Citation of act.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3317.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A33_S40-3301. 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