KRS 304.7-263: Venture capital funds or pools.

(1) An insurer may invest in venture capital funds or pools organized to encourage

equity capital investment in Kentucky, encourage the establishment and expansion

of small business and industry, and encourage the development of new job

opportunities in Kentucky.

(2) The Kentucky investment fund established in KRS 154.20 -250 to 154.20-284 shall

be eligible for investment under this section.

(3) An insurer shall not have more than one percent (1%) of its assets invested under

this section.