Kan. Admin. Regs. § 40-12-6 - Stock insurance companies; sale of stock; permits; holding companies
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.
Notes
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