40-1208. Such company shall have and maintain unearned premium and other reserves upon the same basis as that required of domestic stock insurance companies transacting the same kind of insurance.
History: L. 1927, ch. 231, 40-1208; L. 1979, ch. 143, § 3; July 1.
Source or prior law:
L. 1921, ch. 202, § 11; R.S. 1923, 40-1011.
CASE ANNOTATIONS
1. Cited in holding president's advances payable only out of surplus. Hosmer v. Mutual Reserve Ins. Co., 139 Kan. 472, 473, 32 P.2d 505.