Kansas Statutes Chapter 40. Insurance § 40-4326. Same; definitions

(a) “Alien” means formed under the laws of any country or jurisdiction other than the United States of America or any of its states, districts, commonwealths or possessions.

(b) “Alien captive insurance company” means any insurance company formed to write insurance business of a nature that the commissioner determines is otherwise permissible under this act and is licensed or authorized pursuant to the laws of an alien jurisdiction that imposes statutory or regulatory standards in a form acceptable to the commissioner on companies transacting business of insurance in such jurisdiction.

(c) “Branch business” means any insurance business transacted by a branch captive insurance company in Kansas.

(d) “Branch captive insurance company” means any alien captive insurance company that has been issued a certificate of authority by the commissioner to transact the business of insurance in Kansas through a business unit with a principal place of business in Kansas, and has not otherwise been issued a certificate of authority by the commissioner to transact insurance under this act.