806 KAR 3:020. Annual statements.

 

      RELATES TO: KRS 304.2-180, 304.3-240

      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 permits the Executive Director of Insurance to require an insurer to synopsize material contained in its annual statement in order to be compatible with Commonwealth electronic computers.

 

      Section 1. The Commissioner of Insurance may require that each insurer file a synopsis of the material contained in its annual statement, arranged in such form as the commissioner shall deem suitable for use in conjunction with an electronic computer. (I-3.02; 1 Ky.R. 856; Am. 1226; eff. 5-14-75; TAm eff. 8-9-2007.)