KRS 304.25-060: General provisions.

(1) Presumption. In any action or proceeding it shall be presumed that an acute

emergency existing within this state constitutes an acute emergency affecting every

insurance organization doing business within this state.

(2) Powers of board. During an acute em ergency the board of a domestic insurance

organization which has adopted emergency bylaws approved by the commissioner

shall have all of the powers conferred by such bylaws, and no other or different

powers with respect to the subject matter of this subtit le, and the board of a

domestic insurance organization which has not adopted emergency bylaws approved

by the commissioner shall have all of the powers of an emergency board of directors

as the same are provided for under this subtitle.