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304.2-220 Examination of
promoters, and others.
holding
companies,
subsidiaries,
agents,
For the purpose of ascertaining compliance with law, or relationships and
transactions between any person and any insurer or proposed insurer, the
commissioner may as often as reasonably necessary examine the accounts,
records, documents, and transactions pertaining to or affecting the insurance affairs
or proposed insurance affairs and transactions of:
(1) Any insurance holding company; or person holding the shares of voting stock
or policyholder proxies of an insurer as voting trustee or otherwise, for the
purpose of controlling the management thereof;
(2) Any insurance agent, surplus lines broker, adjuster, consultant, administrator,
reinsurance intermediary broker or manager, rental vehicle agent or managing
employee, specialty credit producer or managing employee, or any person
holding himself or herself out as any of the foregoing;
(3) Any person having a contract under which he or she enjoys by terms or in fact
the exclusive or dominant right to manage or control the insurer, as voting
trustee, or otherwise; and
(4) Any person in this state engaged in, or proposing to be engaged in this state
in, or holding himself or herself out in this state as so engaging or proposing, or
in this state assisting in the promotion, formation or financing of an insurer or
insurance holding corporation, or corporation or other group to finance an
insurer or the production of its business.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 939, effective July 15, 2010. -Amended 2002 Ky. Acts ch. 273, sec. 2, effective July 15, 2002. -- Created 1970
Ky. Acts ch. 301, subtit. 2, sec. 22, effective June 18, 1970.
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