# K.S.A. § 40-3510: 40-3510 - Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3510

## Section

- **Citation:** K.S.A. § 40-3510
- **Heading:** 40-3510 - Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 40 / Article 35 / Section 40-3510

## Text

40-3510. Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance. (a) No mortgage guaranty insurance company may discriminate in the issuance or extension of mortgage guaranty insurance on the basis of the applicant's sex, marital status, race, color, creed or national origin.

(b) Nothing in this act shall be construed as limiting the right of any mortgage guaranty insurance company to impose reasonable requirements upon the lender with regard to the terms of any note or bond or other evidence of indebtedness secured by a mortgage or deed of trust, such as requiring a stipulated down payment by the borrower.

(c) No policy of mortgage guaranty insurance excluding policies of reinsurance, shall be written unless and until the insurer or the lender, in compliance with underwriting directives from the insurer and subject to periodic underwriting audits by the insurer shall have conducted a reasonable and thorough examination of: (1) The evidence supporting credit worthiness of the borrower; and (2) the appraisal report reflecting market evaluation of the property and shall have determined that prudent underwriting standards have been met.

## Nearby sections

- [K.S.A. § 40-3501 40-3501 - Title of act.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3501.md)
- [K.S.A. § 40-3502 40-3502 - Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3502.md)
- [K.S.A. § 40-3503 40-3503 - Capital and surplus requirements.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3503.md)
- [K.S.A. § 40-3504 40-3504 - Requirements prior to issuance of policies.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3504.md)
- [K.S.A. § 40-3505 40-3505 - Insuring of certain risks prohibited.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3505.md)
- [K.S.A. § 40-3506 40-3506 - Preparation of information and advertisements concerning real estate investments of financial institutions; prohibited conduct.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3506.md)
- [K.S.A. § 40-3507 40-3507 - Investments; prohibitions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3507.md)
- [K.S.A. § 40-3509 40-3509 - Certificate of authority; eligibility for; time for compliance.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3509.md)
- [K.S.A. § 40-3510 40-3510 - Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3510.md)
- [K.S.A. § 40-3511 40-3511 - Issuance of insurance to lending institutions; extension of coverage to individual loans; consideration as group policies; owner-occupied, single-family dwelling, borrower not liable to company for deficiency arising from foreclosure sale.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3511.md)
- [K.S.A. § 40-3512 40-3512 - Limitation on outstanding liability; temporary waiver.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3512.md)
- [K.S.A. § 40-3513 40-3513 - Payments or rebates as inducements or compensation for or in connection with placement of insurance prohibited; penalties for violations.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3513.md)
- [K.S.A. § 40-3514 40-3514 - Maintaining funds on deposit with insurance company's own insured prohibited; presumptions; other prohibited practices.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3514.md)
- [K.S.A. § 40-3515 40-3515 - Insurance company as member of holding company system; prohibited underwriting activities as condition of certificate of authority; other proscribed activities.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3515.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3510. Check the current official text before relying on it. Not legal advice.