Kentucky Statutes 299.450 – Annual statement of condition
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The president and secretary of each company shall, on or before March 1 of each year, make a sworn statement to the commissioner showing the condition of the company as of the preceding December 31. The statement shall contain the following information: The amount and kind of property insured; the number of policies issued from the time of organization of the company up to the time of making the statement; the number insured during the year last past; the amount of insurance accepted and the amount withdrawn, expired and canceled during the year; the whole amount of insurance in force on December 31; the amount of money received during the year; the amount of disbursements, specifying the amount paid for fees, salaries and commissions; and all other matters of interest to the company or members that the commissioner may require.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 895, effective July 15, 2010. — Amended
1982 Ky. Acts ch. 209, sec. 6, effective July 15, 1982. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 715.
Effective: July 15, 2010
Terms Used In Kentucky Statutes 299.450
- Commissioner: means the commissioner of the Department of Insurance. See Kentucky Statutes 299.010
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Sworn: includes "affirmed" in all cases in which an affirmation may be substituted for an oath. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
History: Amended 2010 Ky. Acts ch. 24, sec. 895, effective July 15, 2010. — Amended
1982 Ky. Acts ch. 209, sec. 6, effective July 15, 1982. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 715.