KRS 304.9-373: Books and records maintained by administrator -- Access by

commissioner.

Every administrator shall maintain at its administrative office, for the duration of the

written agreement referred to in KRS 304.9 -371 and at least five (5) years thereafter,

adequate books and records of all transactions between it, insurers, and insured s. Such

books and records shall be maintained in accordance with prudent standards of insurance

industry recordkeeping. The commissioner shall have access to such books and records

for the purpose of examination, audit, and inspection. Any trade secrets contained therein,

including but not limited to the identity and addresses of insureds, shall be confidential

except the commissioner may use such information in any proceedings instituted against

the administrator. An insurer shall retain the right to conti nuing access to such books and

records of the administrator sufficient to permit the insurer to fulfill all of its contractual

obligations to insureds subject to any restrictions in the written agreement between the

insurer and administrator on the proprie tary rights of the parties in such books and

records. Any examination or any part of the examination of any administrator shall be

made by the commissioner or by examiners designated by the commissioner and shall be

at the expense of the administrator examined as specified in Subtitle 2 of this chapter.