There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 7. Investments
304.7.461 Equity interests in business entities.
Download pdfby the insurer under this section would exceed the greater of twenty-five percent
(25%) of its admitted assets or one hundred percent (100%) of its surplus as regards
policyholders. (3) An insurer shall not acquire under this section any investments that the insurer may acquire under KRS 304.7-465. (4) An insurer shall not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity
instrument exercisable within six (6) months of the short sale. Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 388, sec. 24, effective July 14, 2000.
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