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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.6-134.Exemption of specific product forms or product lines

Current as of January 01, 2025 | Updated by Findlaw Staff

A specific product form or product line of a domestic company that is licensed and doing business only in Kentucky shall be exempt from the requirements of KRS 304.6-143 if:

(1) The commissioner has in his or her discretion issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and

(2) Either of the following are satisfied:

(a) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual; or

(b) The exemption is consistent with the valuation manual.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.6-134.Exemption of specific product forms or product lines - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-6-134/

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