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304.2-195 Interstate compacts for issuing certificates of authority.
(1) The commissioner may enter into interstate compacts for issuing certificates of
authority to insurers if the commissioner determines that: <br>(a) Each state participating in the compact has requirements for issuing
certificates of authority that provide protections substantially similar to or <br>greater than the requirements of this subtitle; or
(b) The interstate compact contains requirements for issuing certificates of
authority that provide protections substantially similar to or greater than the <br>requirements of this subtitle.
(2) In lieu of the documents required in KRS 304.3-150 to be filed with an application
for certificate of authority, the commissioner may accept documentation in <br>accordance with the terms of the interstate compact.
(3) The commissioner may issue certificates of authority to insurers in accordance with
the terms of the interstate compact.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 935, effective July 15, 2010. -- Amended
2004 Ky. Acts ch. 24, sec. 46, effective July 13, 2004. -- Created 2000 Ky. Acts <br>ch. 254, sec. 2, effective July 14, 2000.
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