KRS 299.320: Authorization to do business -- Requirements.

Upon filing the required articles in the office of the commissioner, together with a sworn

statement by three (3) of the incorporators that bona fide agreements have been entered

into for the insurance of property of an amount not less than $100,000 within the territory

in which it proposes to do business, the articles shall be referred to and examined by the

Attorney General. If the articles are found by the Attorney General to be conformable to,

and not inconsistent with, the laws of this state, the Attor ney General shall certify

accordingly, and return them, with a certificate of conformity, to the commissioner. The

commissioner shall cause the articles, with the certificate of the Attorney General, to be

recorded in a book kept for that purpose, and shall deliver to the company a certified copy

of the papers as filed and recorded in his office, and of the certificate of the Attorney

General, together with the license of the commissioner to the company to engage in the

business proposed in the articles. Up on the certified copy and license being filed in the

office of the clerk of the county in which the principal office of the company is to be

located, the incorporators and those that may thereafter become associated with them, and

their successors, shall c onstitute a body politic and corporate, and be lawfully entitled to

begin business.