Kentucky Statutes 304.27-070 – Certificate of authority
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(1) The certificate of authority of a reciprocal insurer shall be issued to its attorney in the name of the insurer.
(2) The commissioner may refuse, suspend or revoke the certificate of authority, in addition to other grounds therefor, including those provided in Subtitles 2 and 3 of this chapter, for failure of the attorney to comply with any applicable provision of this code.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1375, effective July 15, 2010. — Amended 2004 Ky. Acts ch. 24, sec. 32, effective July 13, 2004. — Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 7, effective June 18, 1970.
(2) The commissioner may refuse, suspend or revoke the certificate of authority, in addition to other grounds therefor, including those provided in Subtitles 2 and 3 of this chapter, for failure of the attorney to comply with any applicable provision of this code.
Terms Used In Kentucky Statutes 304.27-070
- Attorney: as used in this subtitle , refers to the attorney-in-fact of a reciprocal insurer. See Kentucky Statutes 304.27-050
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1375, effective July 15, 2010. — Amended 2004 Ky. Acts ch. 24, sec. 32, effective July 13, 2004. — Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 7, effective June 18, 1970.