Kentucky Statutes 304.24-340 – Issuance of policies in other states
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A domestic insurer duly authorized to transact insurance in another jurisdiction may issue policies for delivery in such jurisdiction pursuant to applications for insurance solicited and obtained therein, in accordance with the laws thereof, subject only to such restrictions, if any, as may be contained in the insurer’s charter or bylaws.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 34, effective June 18, 1970.
Effective: June 18, 1970
Terms Used In Kentucky Statutes 304.24-340
- Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. 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: Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 34, effective June 18, 1970.