Ky. Rev. Stat. § 304.23-020

Current through 2024 Ky. Acts ch. 225

Section 304.23-020 - Eligibility of insurer

(1) An insurer, in order to qualify for writing mortgage guaranty insurance, must have the same capital and surplus as that required by KRS 304.3-120.

(2) An insurer transacting any class of insurance other than mortgage guaranty insurance is not eligible for the issuance of a certificate of authority to transact mortgage guaranty insurance in this state, nor the renewal thereof.

KRS 304.23-020

Effective:6/18/1970
Created 1970 Ky. Acts ch. 301, subtit. 23, sec. 2, effective6/18/1970.