KRS 304.2-410: Investment of insurance regulatory trust fund.

(1) It is the responsibility of the department, which is charged with the administration

of the insurance regulatory trust fund, to make such moneys available for

investment as fully as is consistent with the cash requirements of the fund and to

authorize inve stment of such moneys by the agency or agencies of the

Commonwealth of Kentucky authorized to make investments and reinvestments for

and on behalf of any agency of the Commonwealth of Kentucky.

(2) Monthly, and more often as circumstances require, the depa rtment shall notify the

investing authority of the amount available for investment, and the moneys shall be

invested by the investing authority according to the laws relating to state

investments. Such notification shall include the name and number of the fund for

which the investments are to be made and the life of the investment if the principal

sum is to be required for meeting obligations.