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304.33-070 Cooperation of officers and employees.
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Duty to cooperate. Any officer, manager, trustee, or agent of any insurer, and any
other person with executive authority over or in charge of any segment of the
insurer's affairs or in possession of property to which the commissioner has a claim
shall cooperate with the commissioner, or anyone acting on behalf of the
commissioner, in any delinquency proceeding. "To cooperate" includes but is not
limited to the following:
(a) To reply promptly in writing to any inquiry from the commissioner requesting
such a reply; and
(b) To make available and deliver to the commissioner any books, accounts,
documents, or other records, or information or property of or pertaining to the
insurer and in his or her possession, custody, or control.
Duty not to obstruct. No person shall obstruct or interfere with the commissioner in
the conduct of any delinquency proceeding.
Any person who fails to cooperate with or obstructs the efforts of the commissioner
in the conduct of any delinquency proceeding shall have denied any claims the
person has filed pursuant to KRS 304.33-360 and shall also be subject to such other
sanctions as the court may impose.
Right to defend. This section shall not render it illegal to resist by legal proceedings
the petition for liquidation or other delinquency proceedings, or other orders.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1431, effective July 15, 2010. -Amended 1990 Ky. Acts ch. 422, sec. 7, effective July 13, 1990. -- Created 1970 Ky.
Acts ch. 301, subtit. 33, sec. 7, effective June 18, 1970.
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