Kansas Administrative Regulations

Agency 40.  Insurance Department

Article 2.  Life Insurance

 

40-2-8 Life insurance policies; premium deposit fund provisions; requirements.


Premium deposit fund provisions shall not be included in or attached to life insurance contracts issued in this state unless:

(a)  The provisions allow withdrawal of all or any part of the fund at the request of the policy owner; and

(b)  the withdrawal may be effected not later than the next succeeding policy anniversary date.

 

(Authorized by K.S.A. 40-103; implementing K.S.A. 40-401; effective Jan. 1, 1966; amended May 1, 1986; amended May 1, 1987.)