Kansas Statutes Chapter 40. Insurance § 40-4336. Same; commissioner's findings to approve application

(a) In order to approve an application and issue a certificate of authority to a special purpose insurance captive, the commissioner must find that:

(b) In evaluating the expectation of a successful operation, the commissioner shall consider whether the proposed special purpose insurance captive and its management are of known good character and reasonably believed not to be affiliated, directly or indirectly, with a person known to have been involved with the improper manipulation of assets, accounts or reinsurance. In the event the commissioner of the state of domicile of any ceding company is not required to review the special purpose insurance captive contract, then the approval described in subsection (a)(3) shall not be required for licensing of the special purpose insurance captive hereunder.