Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
The KRS database was last updated on 09/08/2024
.3-010 "Stock" insurer defined.
.3-020 "Mutual" insurer defined.
.3-025 "Combined stock and mutual life" insurer defined.
.3-030 "Reciprocal" insurer defined.
.3-040 "Lloyd's Plan" insurer defined.
.3-050 "Charter" defined.
.3-060 Exceptions to certificate of authority requirement.
.3-070 Eligibility for certificate of authority.
.3-080 General eligibility for certificate of authority -- Ownership -- Management.
.3-090 General eligibility for certificate of authority -- Prior operation.
.3-100 Name of insurer.
.3-110 Combinations of insuring powers, one insurer.
.3-120 Capital funds required -- Amount of surplus required.
.3-125 Authority for commissioner to require additional capital and surplus.
.3-130 Repealed, 1982.
.3-140 Deposit requirement in general.
.3-150 Application for certificate of authority.
.3-160 Issuance -- Refusal of authority -- Ownership of certificate.
.3-170 Amended certificate of authority.
.3-180 Continuance, expiration, and reinstatement of certificate of authority -- Preparation of audited financial statements.
.3-190 Suspension or revocation of certificate of authority -- Mandatory grounds.
.3-200 Suspension or revocation of certificate of authority -- Discretionary and special grounds.
.3-210 Order -- Notice of suspension or revocation -- Publication -- Effect upon agents' authority.
.3-220 Duration of suspension -- Insurer's obligation during suspension period -- Reinstatement.
.3-230 Service of process on insurers -- Secretary of State as attorney for service of process.
.3-235 Corporate Governance Annual Disclosure -- Submission to department or lead state regulator -- Required information and support -- Annual filing of amended version -- Confidentiality -- Use and sharing of filings and information -- Parties retained to assist commissioner.
.3-240 Annual and quarterly financial statement -- Penalty for noncompliance -- Publication of financial statement prepared on a different basis.
.3-241 Accounting practices and procedures for annual and quarterly statements.
.3-242 Property and casualty insurers to annually submit statement of actuarial opinion and supporting documentation -- Opinion to be available for public inspection -- Confidentiality of supporting documentation -- Exemptions to filing requirement.
.3-245 Repealed, 1998.
.3-250 Repealed, 1998.
.3-260 Repealed, 1998.
.3-270 Retaliatory provision.
.3-280 Effect of provision limiting or excluding insurer's obligation to pay claim of insured eligible for medical assistance.
.3-310 Repealed, 1988.
.3-315 Repealed, 1992.
.3-320 Guaranty fund deposit by foreign insurers may be required by commissioner.
.3-330 Reports of past-due loans and loans in foreclosure to early warning analyst.
.3-400 Definitions for KRS 304.3-400 to 304.3-430.
.3-405 Parties subject to KRS 304.3-400 to 304.3-430.
.3-410 Applicability -- Contract between insurer and controlling producer -- Audit committees -- Reporting requirements.
.3-415 Notice to prospective insured disclosing relationship between producer and controlled insurer -- Exceptions.
.3-420 Authority of commissioner -- Actions.
.3-425 Compliance date.
.3-430 Short title for KRS 304.3-400 to 304.3-430.
.3-500 Definitions for KRS 304.3-500 to 304.3-570.
.3-510 Licensing of controlling agent -- Evidence of financial responsibility.
.3-520 Contract between insurer and controlling agent -- Minimum provisions -- Prohibited activities.
.3-530 Duties and responsibilities of insured and controlling agent.
.3-540 Acts of controlling agent -- Examination by commissioner.
.3-550 Penalties.
.3-560 Administrative regulations.
.3-570 Short title for KRS 304.3-500 to 304.3-570.
.3-600 Definitions for KRS 304.3-600 to 304.3-635 and 304.99-055.
.3-605 Application of KRS 304.3-600 to 304.3-635 and 304.99-055.
.3-610 Maintenance of risk management framework.
.3-615 Regular Own Risk and Solvency Assessments required -- Exception -- Frequency.
.3-620 Own Risk and Solvency Assessment Summary Report or combination of reports -- When required -- Contents -- Signature.
.3-625 Exemption from requirements of KRS 304.3-600 to 304.3-635 and 304.99-055 -- Conditions.
.3-630 Reporting to comply with ORSA Guidance Manual.
.3-635 ORSA Summary Report and other information confidential, privileged, and exempt from Open Records Act and private civil action subpoena, discovery, and testimony -- Powers of commissioner.
.3-700 Definitions for KRS 304.3-700 to 304.3-735.
.3-705 Application for admission to regulatory sandbox -- Disclosure and stability requirements -- Disqualifying factors -- Participation in regulatory sandbox under KRS 15.268.
.3-710 Director of insurance innovation -- Review of applications -- Notice of acceptance or rejection -- Hearing.
.3-715 Limited no-action letter -- Safe harbor of limited letter -- Publication of limited letter on department's Web site.
.3-720 One-year period for beta test -- Extension by commissioner -- Terms and conditions -- Early termination -- Cease and desist order -- Appeal.
.3-725 Completion and review of beta test -- Issuance of extended no-action letter or notice declining to issue extended letter -- Safe harbor of extended letter -- Use of innovation and conduct permitted -- Hearing -- Publication of extended letter on department's Web site.
.3-730 Confidentiality of financial information -- Permissible disclosures in extended no-action letter.
.3-735 Annual report.
.3-750 Definitions for KRS 304.3-750 to 304.3-768.
.3-752 Exemption qualifications.
.3-754 Applicability.
.3-756 Written information security program -- Requirements -- Assessments -- Written incident response plan -- Annual certification to commissioner.
.3-758 Cybersecurity event investigation.
.3-760 Notification to commissioner of cybersecurity event -- Procedures.
.3-762 Powers of commissioner.
.3-764 Documents, materials, and other information -- Confidentiality -- Releases.
.3-766 Compliance requirements.
.3-768 Penalties.