Title XXV, Business and Financial Institutions

Catchline at repeal: Age limitations.

Catchline at repeal: Examination and autopsy.

Catchline at repeal: Payment of benefits.

Catchline at repeal: Readjustment of premiums; dividends.

Catchline at repeal: Scope of KRS 304.786 to 304.832.

Catchline at repeal: Standard provisions required.

Catchline at repeal: Grace period.

Catchline at repeal: Policy, or policy and application constitute entire contract; legal effect of insured's statements.

Catchline at repeal: Incontestability.

Catchline at repeal: Misstatement of age.

Catchline at repeal: Participation in surplus.

Catchline at repeal: Policy loan.

Catchline at repeal: Table of installments.

Catchline at repeal: Reinstatement.

Catchline at repeal: Settlement on proof of death.

Catchline at repeal: Excluded or restricted coverage.

(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 …

(1) All deposits shall be held by the commissioner in trust for the benefit and protection of all of the insurer's policyholders and creditors in the United States. (2) The deposit of a domestic insurer shall further be security for payment of taxes, assessments, forfeitures, fin…

Kinds of assets may be deposited by an insurer as follows: (1) Title to unencumbered real property lawfully acquired and held by the insurer under this code. (2) Lawful money of the United States, and other securities of kinds in which the insurer may lawfully invest its funds un…

(1) The commissioner may accept the home office real property of a domestic insurer as a part of any deposit of assets required of the insurer under this code. For this purpose the insurer shall convey such real property by deed to the commissioner, and the deed shall be duly rec…

(1) The insurer's policyholders and creditors in the United States, and this state and other states in which the insurer is authorized to transact insurance, shall have a first lien upon other real property, of which the evidence of the insurer's title is deposited by the insurer…

The Commonwealth of Kentucky shall not be liable for the safe custody of any assets deposited by an insurer.

(1) The commissioner shall designate at least one (1) bank or trust company in each county of this state containing a city of the first class or a consolidated local government and such other banks as proposed by the insurer and approved by the commissioner which vaults shall be …

Notwithstanding any other provision of law, the commissioner may cause any or all deposits of assets of insurers required or permitted under this code and maintained in this state to be made and maintained in trust with depositories designated pursuant to KRS 304.8-090(1) under t…

As to each insurer making or having a deposit the commissioner shall keep a complete record thereof showing: (1) The particular assets so deposited; (2) The face value, if any, of any asset, and the value thereof as determined by the commissioner; (3) Date of deposit, and place t…

(1) The commissioner may at any time inventory assets on deposit as to any insurer. Upon request of the insurer the commissioner shall make an inventory at the insurer's expense, and shall furnish the insurer a copy thereof. All inventories shall be made in the presence of the co…

(1) All assets deposited shall be valued by the commissioner when deposited, such valuation to be determined in accordance with the applicable provisions of this code. (2) If at any time the commissioner finds that the value of assets on deposit by an insurer is less than the amo…

An insurer may deposit and maintain on deposit assets in value exceeding the amount otherwise required under this code, for the purpose of absorbing fluctuations in value of its required deposit, and to facilitate exchange and substitution of assets in such required deposit. Duri…

commissioner. (1) While solvent and complying with this code an insurer shall be entitled: (a) To collect and receive interest, dividends, and payments accruing upon assets so held on deposit for its account; and (b) From time to time, to exchange and substitute for any of such a…

(1) Except as provided in subsection (2) of this section, every domestic life insurer shall, within ninety (90) days after the net cash value of each policy in force has been ascertained as required by law, deposit with the commissioner for the security and benefit of its policyh…

(1) Except as provided in subsection (2) of this section, no judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets held in this state as a deposit for the protection of the insurer's policyholders or policyholders and creditors. (2)…

(1) Any required deposit shall be released, in addition to circumstances already provided for, in these instances only: (a) Upon extinguishment of substantially all liabilities of the insurer for the security of which the deposit is held, by reinsurance contract or otherwise; (b)…

(1) Assets shall not be removed from the bank or trust company wherein the assets are deposited, except upon the written order of at least two (2) officers authorized for the purpose by the insurer's board of directors or other governing body, which order must have been approved …

(1) Insurers maintaining deposits of assets in this state under this subtitle, shall pay into the examination expense revolving fund as provided in Subtitle 2 of this chapter, moneys sufficient to pay travel and other necessary expenses of the commissioner related to the maintena…

Catchline at repeal: Annuities and pure endowment contracts, standard provisions required.

Catchline at repeal: Grace period.

Catchline at repeal: Incontestability.

Catchline at repeal: Contract, or contract and application, constitute entire contract.

Catchline at repeal: Misstatements of age or sex.

Catchline at repeal: Dividends.

Catchline at repeal: Reinstatement.

Catchline at repeal: Reversionary annuities, standard provisions required.

Catchline at repeal: Provisions for reversionary annuities same as for other annuities.

Catchline at repeal: Reinstatement of reversionary annuities.

Catchline at repeal: Limitation of liability.

Catchline at repeal: Incontestability after reinstatement.

Catchline at repeal: Policy settlements.

Catchline at repeal: Disposition of miscellaneous proceeds.

Catchline at repeal: Prohibited policy plans.

Catchline at repeal: Standard nonforfeiture benefits; calculation.