There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 9. Agents, Consultants, Solicitors and Adjusters
304.9.373 Books and records maintained by administrator -- Access by commissioner.
Download pdfwritten agreement referred to in KRS 304.9-371 and at least five (5) years thereafter,
adequate books and records of all transactions between it, insurers, and insureds. Such
books and records shall be maintained in accordance with prudent standards of insurance
industry recordkeeping. The commissioner shall have access to such books and records
for the purpose of examination, audit, and inspection. Any trade secrets contained therein,
including but not limited to the identity and addresses of insureds, shall be confidential
except the commissioner may use such information in any proceedings instituted against
the administrator. An insurer shall retain the right to continuing access to such books and
records of the administrator sufficient to permit the insurer to fulfill all of its contractual
obligations to insureds subject to any restrictions in the written agreement between the
insurer and administrator on the proprietary rights of the parties in such books and
records. Any examination or any part of the examination of any administrator shall be
made by the commissioner or by examiners designated by the commissioner and shall be
at the expense of the administrator examined as specified in Subtitle 2 of this chapter. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1070, effective July 15, 2010. -- Amended 1986 Ky. Acts ch. 162, sec. 6, effective July 15, 1986.
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