KRS 304.33-075: Activities prohibited until repayment.

An insurer that is subject to any delinquency proceedings, whether formal or informal or

administrative or judicial, shall not:

(1) Be released from such proceeding, unless such proceeding is converted into a

judicial rehabilitation or liquidation proceeding;

(2) Be permitted to solicit or accept new business or request or accept the restoration of

any suspended or revoked license or certificate of authority;

(3) Be returned to the control of its shareholders or private management; or

(4) Have any of its as sets returned to the control of its shareholders or private

management;

until all payments of or on account of the insurer's contractual obligations by all guaranty

associations, along with all expenses thereof and interest on all such payments and

expenses, shall have been repaid to the guaranty associations or a plan of repayment by

the insurer shall have been approved by the guaranty association.