Printable Format40-2401. Purpose of act. The purpose of this act is to regulate trade practices in the business of insurance in accordance with the intent of congress as expressed in the act of congress of March 9, 1945 (Public Law 15*, 79th Congress), by defining, or providing for the determination of, all such practices in this state which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.
History: L. 1955, ch. 247, § 1; June 30.
Revisor's Note:
* 15 U.S.C. §§ 1011 to 1015.
Law Review and Bar Journal References:
"Insurer's Bad Faith: A New Tort for Kansas?" Janet Amerine and Jan E. Montgomery, 19 W.L.J. 467, 476, 486 (1980).
"Unfair Claims Settlements—A Suggested Approach to a Potential Cause of Action," Gene E. Schroer and Paul H. Hulsey, 5 J.K.T.L.A. No. 4, 8, 11, 13 (1982).
CASE ANNOTATIONS
1. Tort of bad faith not recognized in Kansas. Spencer v. Aetna Life & Casualty Ins. Co., 227 Kan. 914, 923, 924, 926, 611 P.2d 149.