There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 27. Reciprocal Insurers
304.27.140 Contributions to insurer.
Download pdfreasonable terms such funds as it may require from time to time in its operations. Sums so
advanced shall not be treated as a liability of the insurer, and except upon liquidation of
the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned
surplus in excess of its minimum required surplus. No such withdrawal or repayment
shall be made without the advance approval of the commissioner. This section does not
apply to bank loans, or to other loans made upon security. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1379, effective July 15, 2010. -- Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 14, effective June 18, 1970.
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