KRS 304.2-195: Interstate compacts for issuing certificates of authority.

(1) The commissioner may enter into interstate compacts for issuing certificates of

authority to insurers if the commissioner determines that:

(a) Each state participating in the compact has requirements for issuing

certificates of authority that provide prote ctions substantially similar to or

greater than the requirements of this subtitle; or

(b) The interstate compact contains requirements for issuing certificates of

authority that provide protections substantially similar to or greater than the

requirements of this subtitle.

(2) In lieu of the documents required in KRS 304.3 -150 to be filed with an application

for certificate of authority, the commissioner may accept documentation in

accordance with the terms of the interstate compact.

(3) The commissioner may issue certificates of authority to insurers in accordance with

the terms of the interstate compact.