Whenever it appears to the commissioner that any person has committed a violation
of this subtitle which so impairs the financial condition of a domestic insurer as
to threaten insolvency or make the further transaction of business by it hazardous
to its policyholders, creditors, shareholders, or the public, then the commissioner
may proceed as provided in KRS Chapter 304 to take possession of the property of such
domestic insurer and to conduct the business thereof.
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 or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.