Kentucky Statutes 304.2-105 – Commissioner’s authority to extend in-state insurance activity to match that of federally regulated financial institutions
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Notwithstanding any other provision of law, to the extent authorized by the commissioner by administrative regulation, a licensed agent, producer, broker, or insurer has the power to engage in any insurance activity that financial institutions chartered by or otherwise subject to the jurisdiction of the federal government are authorized to engage in according to federal law or regulation or by a court of competent jurisdiction.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 925, effective July 15, 2010. — Created
2000 Ky. Acts ch. 254, sec. 1, effective July 14, 2000.
Effective: July 15, 2010
Terms Used In Kentucky Statutes 304.2-105
- agent: includes managing general agent unless the context requires otherwise. See Kentucky Statutes 304.9-085
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
History: Amended 2010 Ky. Acts ch. 24, sec. 925, effective July 15, 2010. — Created
2000 Ky. Acts ch. 254, sec. 1, effective July 14, 2000.