Current through Register Vol. 41, No. 14, April 7, 2022
(a) After moneys subject to provision of L. 1986, ch. 306, sec.
2 are received by the board, a request shall be made by the board, to the
director of accounts and reports, that the director establish a separate
interest-bearing escrow account for each contract entered.
(b) When an escrow account has insufficient funds to meet all
claims presented by victims or their representatives, the escrow account shall
be prorated among the victims or their representatives on the basis of the full
amount of the unsatisfied claim or partially satisfied claim. No payment shall
be made from the escrow account to a victim or a victim's representative until
either the amounts of all unsatisfied claims are determined, or it is
determined that the payment for an unsatisfied claim will not diminish the
escrow account to the extent that other potential victim claims could not be
Kan. Admin. Regs. § 20-15-2
Authorized by L. 1986, ch.
306, sec. 4; implementing L. 1986, ch. 306, sec. 2, 3, 4; effective May 1,