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Current as of January 01, 2023 | Updated by FindLaw Staff
Whenever the affiliate companies of any joint underwriting group described in K.S.A. 40-273 issue policies in this state that obligate more than one (1) insurer, severally or jointly, the solicitation of such policies must be accomplished by a licensed resident agent for at least one (1) of the companies assuming direct liability on the risk: Provided, That such policy must be countersigned by a licensed resident agent for each company assuming direct liability as provided in K.S.A. 40-246: Provided further, Such countersignature requirement may be accomplished by means of an endorsement on which the signatures of licensed resident agents of all companies assuming direct liability on the policy are placed.
Cite this article: FindLaw.com - Kansas Statutes Chapter 40. Insurance § 40-274. Same; solicitation; countersignature requirements - last updated January 01, 2023 | https://codes.findlaw.com/ks/chapter-40-insurance/ks-st-sect-40-274/
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