KRS 304.8-095: Deposits under trust agreement -- Insurer relieved of liability.

Notwithstanding any other provision of law, the commissioner may cause any or all

deposits of assets of insurers required or permitted under this code and maintained in this

state to be made and maintained in trust with depositories designated pursuant to KRS

304.8-090(1) under trust agreements to which depositories, insurers, and the

commissioner are parties, for the purpose of this subtitle. These trust agreements shall

provide with respect to deposits thereunder provisions, conditions and stipulations

corresponding to those applicable to other deposits under this subtitle and shall require

depositories to perform the same duties with respect to deposits thereunder as the

commissioner is required to perform with respect to other deposits under the subtitle .

Insurers who have made deposits under these trust agreements shall be relieved of all

other obligations under this subtitle with respect to the assets deposited thereunder.