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Kentucky · Snapshot 09/05/2026

KRS 299.120: Annual statement of condition.

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Where this section sits in the code
  1. KRS Chapter 299

Every company shall, by March 1 of each year, make and file with the commissioner a

report of its affairs and operations during the year ending on December 31 immediately

preceding. The report shall be upon blank forms provided by the commissioner, and sha ll

be verified under oath by the duly authorized officers of the company, and the

commissioner shall publish it, or its substance, in his annual report. This annual report

shall contain the following information: The number of policies issued or members

admitted during the year; the amount of indemnity effected thereby; the number of death

losses; the number of death losses paid; the amount received from each assessment in

each class for the year; the total amount paid policyholders, beneficiaries, legal

representatives or heirs; the number of death claims for which assessments have been

made; the number of death claims compromised or resisted, and a brief statement of the

reason; whether the company charges annual dues, and if so, how much on each one

thousand dollars ($1,000) annually, or per capita, as the case may be; the total amount

received and the disposition thereof; whether the company uses money received for

payment of death claims to pay expenses, in whole or in part, and if so, the amount so

used; the total amount of salaries paid to officers; whether the company guarantees a

fixed amount to be paid regardless of the amount realized from assessments, dues,

admission fees and donations, and if so, the amount guaranteed and the security for such

guarantee; whether the company has a reserve fund, and if so, how the reserve fund is

created and for what purpose, the amount thereof and how invested; whether the company

has more than one (1) class, and if so, how many, the amount of indemnity in each clas s,

and the number of members in each class; if organized under the laws of this state, under

what law and at what time; the number of policies or memberships lapsed during the year;

the number of policies or memberships in force at the beginning and end of the year in

each class; the aggregate maximum, minimum and average age of membership in each

class; the assets applicable to life or casualty insurance, other than reserve fund, and how

invested; and the amount received from all sources for life or casual ty insurance and the

disposition thereof.

Collected 2026-09-05T20:57:26Z. Source file · JSON

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