KRS 299.019: Reporting and filing requirements.

(1) Every company licensed under this chapter shall provide to the commissioner a list

of its officers and directors, their names, addresses, principal business activities, and

occupations or employment.

(2) Every company licensed under this chapter shall file with the commissioner a copy

of any management contract, third -party administrator contract, agency contract, or

any other agreement, contract, or document whereby rights or duties of the company

are assigned or delegated to another entity. No agreement s hall be effective until

approved by the commissioner. An agreement may be disapproved if, after a

hearing under KRS Chapter 13B, the commissioner finds that the agreement does

not comply with the following conditions:

(a) The agreement shall be the result of an arms length transaction between the

company and any other party;

(b) The terms of the agreement shall be fair and reasonable to the parties, and the

charges or fees for all services provided shall be reasonable;

(c) The books, accounts, and records o f each party to the agreement shall be

maintained to clearly and accurately disclose the precise nature and details of

the transaction; and

(d) The agreement shall be made for the benefit of the policyholders of the

company.