§ 8-341. Scope and application.  


Latest version.
  • The provisions of this article create a procedure, pursuant to K.S.A. 40-3901, et seq., regarding the payment of proceeds of any insurance policy based upon a covered claim payment made for damage or loss to a building or other structure, caused by, or arising out of, any fire, explosion, or windstorm. No insurance company shall pay a claim of a named insured, for loss or damage to any building or other structure located within the city, caused by, or arising out of, any fire, explosion, or windstorm, where the amount recoverable for the loss or damage to the building or other structure under all policies is in excess of 75 percent of the face value of the policy covering such building or other insured structure, unless there is compliance with the procedures set out in this article.

(Ord. No. 6205, § 1, 3-20-01)