806 KAR 3:010. Reservation of insurer's name; fee.

 

      RELATES TO: KRS 304.3-100(3)

      STATUTORY AUTHORITY: KRS 304.2-110

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 provides that the Executive Director of Insurance may make reasonable rules and administrative regulations necessary for or as an aid to the effectuation of any provision of the Kentucky Insurance Code. This administrative regulation authorizes the Executive Director of Insurance to reserve the name of a foreign insurer provided application is duly made to the executive director by the insurer.

 

      Section 1. No filing pursuant to KRS 304.3-100(3) or written consent obtained thereunder will be effective unless duly applied for and registered with the executive director.

 

      Section 2. No filing pursuant to said section shall be effective for more than a period of twelve (12) months from the date of receipt of the said filing by the executive director.

 

      Section 3. Each filing or application shall be accompanied by a fee of fifty-two (52) dollars to defray the cost of maintaining a weekly list of such reservations for the period of one (1) year. (3 Ky.R. 768; eff. 7-6-77; TAm eff. 8-9-2007.)