Kansas Administrative Regulations

Agency 40.  Insurance Department

Article 12.  Sale of Stock

 

40-12-11 Sales to promoters.

 

In the event of a public offering, a security of a domestic insurer shall not be authorized for promoters at less than the net offering price.

 

(Authorized by K.S.A. 40-103, 40-205; implementing K.S.A. 40-205; effective Jan. 1, 1968; amended May 1, 1980; amended May 1, 1986; amended May 1, 1987.)