There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2011 Kentucky Revised Statutes
Subtitle 8. Administration of Deposits
304.8.140 Dividends on, and exchange of deposited assets -- Collection by commissioner.


KY Rev Stat § 304.8.140 (1996 through Reg Sess) What's This?
Download pdf

304.8-140 Dividends on, and exchange of deposited assets -- Collection by commissioner. (1) (2) While solvent and complying with this code an insurer shall be entitled: (a) To collect and receive interest, dividends, and payments accruing upon assets so held on deposit for its account; and (b) From time to time, to exchange and substitute for any of such assets, other assets eligible for deposit. If the insurer fails to cure a deficiency when required, is insolvent, is subject to delinquency proceedings, or is in default as to taxes or other charges due to this state under law, the commissioner shall collect such interest, dividends, and payments and add them to the insurer's deposit. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1035, effective July 15, 2010. -- Created 1970 Ky. Acts ch. 301, subtit. 8, sec. 14, effective June 18, 1970.

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.