There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 7. Investments
304.7.473 Investment practices that are allowed without regard to limitations of KRS 304.7-451 to 304.7-473.
Download pdfin investment practices, without regard to any limitation in KRS 304.7-455, 304.7-
457, 304.7-459, 304.7-461, 304.7-463, 304.7-465, 304.7-467, and 304.7-469, but an
insurer shall not acquire an investment or engage in an investment practice under
this section if, as a result of and after giving effect to the transaction, the aggregate
amount of the investments then held by the insurer under this section would exceed
the greater of:
(a) Its unrestricted surplus; or
(b) The lesser of: 1. Ten percent (10%) of its admitted assets; or 2. Fifty percent (50%) of its surplus as regards policyholders. (2) An insurer shall not acquire any investment or engage in any investment practice under paragraph (b) of subsection (1) of this section if, as a result of and after giving
effect to the transaction, the aggregate amount of all investments in any one (1)
person then held by the insurer under that subsection would exceed five percent
(5%) of its admitted assets. Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 388, sec. 30, effective July 14, 2000.
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.