KRS 304.23-020: Eligibility of insurer.

(1) An insurer, in order to qualify for writing mortgage guaranty insurance, must have

the same capital and surplus as that required by KRS 304.3-120.

(2) An insurer transacting any class of insurance other than mortgage guaranty

insurance is not eligible for the issuance of a certificate of authority to transact

mortgage guaranty insurance in this state, nor the renewal thereof.