Kentucky Administrative Regulations
Title 806 - PUBLIC PROTECTION CABINET - DEPARTMENT OF INSURANCE
Chapter 3 - Authorization of Insurers and General Requirements
Section 806 KAR 3:110 - Authorization

Universal Citation: 806 KY Admin Regs Service 3:110

Current through Register Vol. 50, No. 9, March 1, 2024

RELATES TO: KRS 304.3-070

NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.3-070(1)(b) mandates that no insurer be authorized to transact a kind of insurance in this state unless duly authorized or qualified to transact a specific insurance in the state or county of its domicile. The function of this administrative regulation is to clarify a special circumstance to which such statute would not be applicable.

Section 1. KRS 304.3-070(1)(b) is not applicable where the insurer requesting the authority is unable to write a particular kind of insurance in the state of its domicile because that kind of insurance is written there by a governmental monopoly.

STATUTORY AUTHORITY: KRS 304.2-110

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