Kan. Admin. Regs. § 40-12-6
Current through Register Vol. 43, No. 49, December 5, 2024
A permit shall not be issued to a domestic insurance company in the process of organization where the company's stock plan provides that sufficient shares to effect control of the insurance company shall be issued to a holding company or other legal entity which is offering for sale shares of its authorized but unissued stock or of its treasury stock.
Kan. Admin. Regs. § 40-12-6