KRS 303.130: Deposit of securities.

Each burial association shall deposit with the custodian of insurance securities to the

amount of not less than $100,000, to be held for the benefit of its policyholders. These

securities shall be of the kind in which domestic life insurance companies are allowed by

law to invest their capital. Associations shall have, at all times, on approval of the

commissioner, the right to exchange any part of the securities for other of like amount or

character.