Kan. Stat. § 40-973

Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-973 - Same; effect on existing policy, limitation on

Within the limitation specified in K.S.A. 40-970, and amendments thereto, no rate increase may be implemented with regard to an individual existing policy, unless such increase is applied at the time of a renewal or conditional renewal of an existing policy and the insurer mails or delivers to the named insured, at the address shown in the policy, a written notice that clearly and conspicuously discloses its intention to change the rate, at least 30 days in advance of the end of the insured's policy period. A notice of renewal or conditional renewal that clearly and conspicuously discloses the renewal premium applicable to the policy shall be deemed to comply with this section.

K.S.A. 40-973

L. 2008, ch. 144, § 5; July 1.