# 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

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C40_A35_S40-3511

## Section

- **Citation:** K.S.A. § 40-3511
- **Heading:** 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
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 40 / Article 35 / Section 40-3511

## Text

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. Policies of mortgage guaranty insurance may be issued to lending institutions, with such lending institutions as the named insured. Coverage under such policies may be extended to individual loans by certificates of insurance. Such policies shall be considered as group policies for the purpose of complying with K.S.A. 40-214 and such policies and certificates of insurance shall be filed with the commissioner of insurance in the manner prescribed by K.S.A. 40-216. With respect to owner-occupied, single-family dwellings, the mortgage guaranty insurance policy shall provide that the borrower shall not be liable to the insurance company for any deficiency arising from a foreclosure sale.

## 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_S40-3511. Check the current official text before relying on it. Not legal advice.