KRS 304.33-280: List of assets -- Liquidation of assets.

(1) List of assets required. As soon as practicable after the liquidation order, the

liquidator shall prepare in duplicate a list of the insurer's assets. The list shall be

amended or supplemented as the court requires. One (1) copy shall be filed in the

office of the clerk of the court having jurisdiction over the liquidation proceedings

and one (1) copy shall be retained for the liquidator's files. All amendments and

supplements shall be similarly filed.

(2) Liquidation of assets. The liquidator shall reduce the assets to a degree of liquidity

that is consistent with the effective execution of the liquidation as rapidly and

economically as he can.