KRS 304.3-060: Exceptions to certificate of authority requirement.

A certificate of authority shall not be required of an insurer with respect to any of the

following:

(1) Transactions exempt under Subtitle 11.

(2) Investigation, settlement, or litigation of claims under its policies lawfully written,

or liquidation of assets and liabilities of the insurer.

(3) Transactions relative to its investments in this state.

(4) Prosecution or defense of legal actions; but no insurer unlawfully transacting

insurance in this state without a certificate of authority shall be permitted to institute

or maintain (other than defend) any action at law or in equity in any court of this

state, either directly or through an assignee or successor in interest, to enforce any

right, claim or demand arising out of such an insurance transaction un til such

insurer or assignee or successor has obtained a certificate of authority. This

provision does not apply to any suit or action by the duly constituted receiver,

rehabilitator or liquidator of such an insurer, assignee or successor under laws

similar to those contained in Subtitle 33.