40-3503 - Capital and surplus requirements.
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KS Code › Chapter 40 › Article 35 › Section 40-3503
This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.
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40-3503. Capital and surplus requirements. A mortgage guaranty insurance company shall not transact the business of mortgage guaranty insurance unless, if said company is a stock insurance company, it has paid-in capital of at least one million dollars ($1,000,000) and surplus of at least one million dollars ($1,000,000), or if said company is a mutual insurance company, it has a minimum surplus of two million dollars ($2,000,000).
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