KRS 304.24-270: Prohibited pecuniary interests.

No director or officer of any insurer shall receive any money or thing of value for

negotiating, procuring, recommending or aiding in any purchase or sale by the insurer of

any property or investment, or any loan from or to the insurer, nor be pecuniarily

interested, either as principal, co -principal, agent, or beneficiary, in any such purchase,

sale, or loan, nor shall such insurer guarantee in any manner any financial obligation of

any such officer or director.