KRS 304.8-180: Access to and removal of deposits.
Where this section sits in the code
(1) Assets shall not be removed from the bank or trust company wherein the assets are
deposited, except upon the written order of at least two (2) officers authorized for
the purpose by the insurer's board of directors or other governing body, which order
must have been approved by the commissioner.
(2) The assets shall be deposited or removed only in the joint presence of the
commissioner and two (2) representatives of the insurer authorized for the purpose
by the insurer's board of directors or other governing body.
(3) Except that assets may be deposited or removed under the direction and upon the
order of a court of competent jurisdiction, and in the presence of the commissioner.
Collected 2026-09-05T20:57:40Z. Source file · JSON