Kentucky Statutes 304.8-030 – Assets eligible for deposit
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Kinds of assets may be deposited by an insurer as follows:
(1) Title to unencumbered real property lawfully acquired and held by the insurer under this code.
(2) Lawful money of the United States, and other securities of kinds in which the insurer may lawfully invest its funds under this code.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 8, sec. 3, effective June 18, 1970.
(1) Title to unencumbered real property lawfully acquired and held by the insurer under this code.
Terms Used In Kentucky Statutes 304.8-030
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) Lawful money of the United States, and other securities of kinds in which the insurer may lawfully invest its funds under this code.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 8, sec. 3, effective June 18, 1970.