KRS 304.33-180: Termination of rehabilitation.

(1) Transformation to liquidation. Whenever he believes that further attempts to

rehabilitate an insurer would substantially increase the risk of loss to creditors or

policyholders, or would be futile, the rehabilitator may petition the court for an

order of liquidation. A petition under this subsection shall have the same effect as a

petition under KRS 304.33 -190. The court shall permit the directors to defend

against the petition and shall order payment from the estate of the insurer of such

costs and other expenses of defense as justice requires.

(2) Order to return to insurer. The rehabilitator may at any time petition the court for an

order terminating rehabilitation of an insurer. If the court finds that rehabilitation

has been accomplished and that groun ds for rehabilitation under KRS 304.33 -140

no longer exists, it shall order that the insurer be restored to possession of its

property and the control of its business. The court may also make that finding and

issue that order at any time upon its own motion.