KANSAS INSURANCE DEPARTMENT

Proposed Revisions to K.A.R. 40-3-6

 

            K.A.R. 40-3-6. Fire and casualty insurance; rates and forms; unfair discrimination; fictitious classification prohibited. (a) Each No insurer writing Kansas risks shall not write fire, casualty, inland marine, or surety coverages coverage upon any firm, corporation, individual, or association of individuals at any preferred rate, coverage, or premium based on any fictitious grouping or classification of risks.   

(b)       Each insurer shall not pay dividends nor distribute profits to insureds belonging to any fictitious group or classification on a basis that is more favorable than if they were insured individually.

(c)        A fictitious grouping or classification of risks means shall mean risks which do not  that meet the following conditions:

(1)               accord Are inconsistent with the classification or grouping of risks recognized by an insurer's approved rate and policy form filings for individual risks;

(2)       do not possess the necessary homogeneous characteristics for group rating and classification; and   

(3)       do not comply with the provisions of the Kansas insurance code. (Authorized by K.S.A. 40-103, 40- 2404a 40-961; implementing K.S.A. 40-927, 40-941, 40-1112, 40-1122, 40-2404, 40-1113, 40-928 40-953, 40-954; effective Jan. 1, 1966; amended Jan. 1, 1967; amended May 1, 1979; amended May 1, 1986; amended P-___________________.)