Kan. Admin. Regs. § 40-10-5 - Firefighter's relief associations; purchase of insurance; on duty coverage
(a) Except as
provided in
K.S.A. 40-1707(b),
40-1707(c)(1)(A)
and 40-1707(c)(1)(B),
and its amendments, any insurance for coverage while on duty which is paid for
in whole or in part by a firefighter's relief association from funds paid by
the commissioner of insurance shall meet the following conditions:
(1) Each policy shall be purchased, owned and
held by the firefighter's relief association.
(2) Each policy shall name the firefighter's
relief association as beneficiary of the policy. The policy shall not contain a
provision which would permit the beneficiary to be other than a firefighter's
relief association.
(3) The policy
shall provide that each indemnity shall be paid to the firefighter's relief
association.
(4) Except as
provided by subsection (b), the policy shall be limited to cover only
accidental injuries, diseases, or death resulting from duties as a member of
the fire department as set forth in
K.S.A. 40-1707.
(b) Each volunteer fire department may
establish annuities in accordance with
K.S.A. 40-1707(c)(1), and its
amendments. Prior to the purchase of any annuity contract by a firefighter's
relief association for and on behalf of the volunteer firefighters, the
purchase of the annuity contract shall be approved by the attorney of the
governing body.
(c)K.S.A. 40-1707(c)(1)(A) and
40-1707(c)(1)
(B), and its amendments, shall be applicable only to group term, group
permanent or individual permanent life insurance contracts.
Notes
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