Section 304.8-010 - Deposits of insurers(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.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1026, effective7/15/2010. --Amended 2004, Ky. Acts ch. 24, sec. 18, effective 7/13/2004. -- Created 1970 Ky. Acts ch. 301, subtit. 8, sec. 1, effective 6/18/1970.