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Current as of January 01, 2025 | Updated by Findlaw Staff
A certificate of authority shall not be required of an insurer with respect to any of the following:
(1) Transactions exempt under Subtitle 11.
(2) Investigation, settlement, or litigation of claims under its policies lawfully written, or liquidation of assets and liabilities of the insurer.
(3) Transactions relative to its investments in this state.
(4) Prosecution or defense of legal actions; but no insurer unlawfully transacting insurance in this state without a certificate of authority shall be permitted to institute or maintain (other than defend) any action at law or in equity in any court of this state, either directly or through an assignee or successor in interest, to enforce any right, claim or demand arising out of such an insurance transaction until such insurer or assignee or successor has obtained a certificate of authority. This provision does not apply to any suit or action by the duly constituted receiver, rehabilitator or liquidator of such an insurer, assignee or successor under laws similar to those contained in Subtitle 33.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.3-060.Exceptions to certificate of authority requirement - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-3-060/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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