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2009 Kentucky Revised Statutes
Subtitle 2. Insurance Commissioner
304.2.420 Transfer of funds to insurance regulatory trust fund to cover deficiency.

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304.2-420 Transfer of funds to insurance regulatory trust fund to cover deficiency. When there exists in the insurance regulatory trust fund a deficiency which would render <br>such fund insufficient to meet the department's funding requirements, the secretary of the <br>Finance and Administration Cabinet may order a transfer of moneys from another fund in <br>the State Treasury to the insurance regulatory trust fund in order to meet the deficiency <br>without resorting to the necessity of borrowing money and paying interest thereon. The <br>fund from which any moneys are transferred shall be repaid the amount transferred from <br>it not later than the end of the biennium in which such transfer is made, the date of <br>repayment to be specified in the order of the secretary of the Finance and Administration <br>Cabinet. Effective: July 15, 1986 <br>History: Created 1986 Ky. Acts ch. 437, sec. 37, effective July 15, 1986.

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