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Current as of January 01, 2025 | Updated by Findlaw Staff
No policy of property or casualty insurance, other than accident and sickness, used primarily for business or professional needs that has been in effect for 90 days or more may be canceled except for one of the following reasons:
(a) Nonpayment of premium;
(b) the policy was issued because of a material misrepresentation;
(c) any insured violated any of the material terms and conditions of the policy;
(d) unfavorable underwriting factors, specific to the insured, exist that were not present at the inception of the policy;
(e) a determination by the commissioner that continuation of coverage could place the insurer in a hazardous financial condition or in violation of the laws of this state; or
(f) a determination by the commissioner that the insurer no longer has adequate reinsurance to meet the insurer's needs.
Cite this article: FindLaw.com - Kansas Statutes Chapter 40. Insurance § 40-2,120. Business or professional property or casualty insurance; cancellation, when - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-40-insurance/ks-st-sect-40-2-120/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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