KRS 393A.630: Administrator's contract with another to conduct examination.

(1) As used in this section, "related to the administrator" means an individual who is:

(a) The administrator's spouse, partner in a civil union, domestic partner, or

reciprocal beneficiary;

(b) The administrator's child, stepchild, grandchild, parent, steppar ent, sibling,

stepsibling, half-sibling, aunt, uncle, niece, or nephew;

(c) A spouse, partner in a civil union, domestic partner, or reciprocal beneficiary

of an individual in paragraph (b) of this subsection; or

(d) Any individual residing in the administrator's household.

(2) The administrator may contract with a person to conduct an examination under KRS

393A.550 to 393A.650.

(3) If the person with whom the administrator contracts under subsection (2) of this

section is:

(a) An individual, the individual shall not be related to the administrator; or

(b) A business entity, the entity shall not be owned in whole or in part by the

administrator or an individual related to the administrator.

(4) If the administrator contracts with a person under subsection (2) of this section:

(a) The contract may provide for compensation of the person based on a fixed fee,

hourly fee, or contingent fee;

(b) A contingent fee arrangement shall not provide for a payment that exceeds ten

percent (10%) of the amount or value of p roperty paid or delivered as a result

of the examination; and

(c) On request by a person subject to examination by a contractor, the

administrator shall deliver to the person a complete and unredacted copy of

the contract and any contract between the contractor and a person employed or

engaged by the contractor to conduct the examination.

(5) A contract under subsection (2) of this section shall be subject to KRS 61.870 to

61.884.