(1) All trust funds mentioned in KRS 367.932 to 367.974 and 367.991 shall be deposited in the name of the agent, with the financial institution, as trustee,
within thirty (30) days after receipt thereof, with a bank or trust company or invested
in a savings and loan association and shall be held together with the interest, dividends,
or accretions thereon, in trust, subject to the provisions of KRS 367.932 to 367.974 and 367.991. The agent at the time of making deposit or investment shall furnish to the financial
institution the name of each payor, and the amount of payment on each account for
which the deposit or investment is being made.
(2) Deposits to such funds and the amounts deposited may be commingled, but the accounting
records shall establish a separate account for each prepaid contract and shall show
amounts deposited and the income and loss occurring thereon with respect to each contract.
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