Kan. Admin. Regs. § 40-12-14

Current through Register Vol. 43, No. 49, December 5, 2024

Section 40-12-14 - Purchasing of shares through options

A stock purchase plan or option in a domestic insurer shall provide that the optionee shall sign a stipulation when the option is exercised that the purchase of the shares shall be for investment and not for resale.

Kan. Admin. Regs. § 40-12-14

Authorized by K.S.A. 40-103, 40-205; implementing K.S.A. 40-205; effective Jan. 1, 1968; amended May 1, 1986; amended May 1, 1987.