KRS 304.2-080: Prohibited interest, rewards.

(1) The commissioner or any deputy, examiner, actuary, assistant or employee of the

department, shall not be connected with the management of, or be financially

interested, directly or indirectly, in any insurer, insurance agency or broker, or

insurance transaction except as policyholder or claimant under a policy; except, that

as to matters wherein a conflict of interest does not exist on the part of any such

individual, the commissioner may employ or retain from time to time insurance

actuaries, examiners, ac countants, attorneys, or other technicians who are

independently practicing their profession even though from time to time similarly

employed or retained by insurers or others.

(2) No person shall directly or indirectly give or pay to the commissioner or any deputy,

examiner, actuary, assistant, employee or technician retained by the department; and

the commissioner, or any deputy, examiner, actuary, assistant, employee or

technician retained by the department, shall not directly or indirectly receive or

accept any fee, compensation, loan, gift or other thing of value in addition to the

compensation and expense allowance provided by law, or by contract with the

commissioner, for any service rendered or to be rendered, as such commissioner,

deputy, examiner, actuary, assistant, employee or technician, or in connection

therewith.

(3) Subsection (1) of this section shall not be deemed to prohibit receipt by any such

person of commissions or retirement benefits to which entitled by reason of services

performed pr ior to becoming commissioner or prior to employment by the

commissioner.