KRS 304.3-160: Issuance -- Refusal of authority -- Ownership of certificate.

(1) If upon completion of its application the commissioner finds that the insurer has

met the requirements therefor under this code, including KRS 304.3 -080, the

commissioner may, if he or she deems it advisable, issue to the insurer a certificate

of authority ; otherwise, the commissioner shall issue an order refusing such

certificate.

(2) The certificate of authority, if issued, shall state the insurer's name, the address of its

principal office, the state or country of its organization, and the kinds of insur ance

the insurer is authorized to transact in this state. At the insurer's request, the

commissioner may issue a certificate of authority limited to particular types of

insurance or coverages within a kind of insurance as defined in Subtitle 5.

(3) Although issued and delivered to the insurer, the certificate of authority at all times

shall be the property of the State of Kentucky. Upon any expiration, suspension, or

termination thereof the insurer shall promptly deliver the certificate to the

commissioner.