Public-domain · open source
OpenJurist

KRS 304.8-010

Deposits of insurers

Effective: July 15, 2010 History: Amended 2010 Ky

(1) All deposits of assets of insurers required or permitted under this code and made in this state shall be made and maintained with the commissioner.

(2) In addition to deposits required for an insurer's authority to transact insurance in this state, an insurer may deposit and maintain with the commissioner deposit of assets:

(a) Required of an insurer by the laws of other states as prerequisite for authority to transact insurance in such other states;

(b) Required by application of the retaliatory provision, KRS 304.3-270; and (c) In such additional amounts as is permitted by this subtitle, or as expressly required by this code.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.