{"data":{"id":"us-ky/krs-304.3-150","jurisdiction":"us-ky","citation":"KRS 304.3-150","heading":"Application for certificate of authority.","body":"To apply for an original certificate of authority an insurer shall file with the commissioner\nits written application therefor on forms as prescribed and furnished by the commissioner,\naccompanied by the applicable fees specified in Subtitle 4, stating und er the oath of the\npresident or vice-president or other chief officer and the secretary of the insurer, or of the\nattorney-in-fact (if a reciprocal insurer or Lloyd's plan insurer), the insurer's name,\nlocation of its principal office, the kinds of insuran ce to be transacted, date of\norganization or incorporation, form of organization, its domicile, and any additional\ninformation as the commissioner may reasonably require, together with the following\ndocuments, as applicable:\n(1) If a corporation, a copy of  its charter, together with all amendments thereto, or as\nrestated and amended under the laws of its state or country of incorporation,\ncurrently certified by the public official with whom the originals are on file in a\nstate or country.\n(2) A copy of its bylaws, certified by the insurer's secretary.\n(3) If a reciprocal insurer, a copy of the power of attorney of its attorney -in-fact, and\ncopy of its subscribers agreement, if any, both certified by the attorney -in-fact; and\nif a domestic reciprocal insurer, the declaration provided for in KRS 304.27-060.\n(4) If a Lloyd's plan insurer, the names and addresses of all of the underwriters\nproposing to engage in the business, along with the number of underwriters which\nshall not be less than twenty -five (25), and  that each underwriter is worth in his or\nher own right not less than twenty thousand dollars ($20,000) over and above all his\nor her liabilities, along with a statement showing a list of all cash and invested\nassets owned by the associated underwriters an d their value, certified and sworn to\nby their duly authorized attorney-in-fact.\n(5) A complete copy of its financial statement as of not earlier than the December 31\nnext preceding in form as customarily used in the United States by like insurers,\nsworn t o by at least two (2) executive officers of the insurer or certified by the\npublic insurance supervisory official of the insurer's state or country of domicile.\n(6) A copy of the report of last examination of the insurer prior to the filing of the\napplication, certified by the public insurance supervisory official of the insurer's\nstate or country of domicile.\n(7) If a foreign or alien insurer, the name and address of the person to whom the\nSecretary of State shall forward lawful process served upon him or her. If a\ndomestic reciprocal insurer, the name and address of the attorney designated\npursuant to paragraph (e) of subsection (2) of KRS 304.27 -060 shall be deemed to\nbe the person to whom the Secretary of State shall forward lawful process served\nupon hi m or her. Any judgment against a domestic reciprocal so served shall be\nbinding upon each of the insurer's subscribers as their respective contingent\nliabilities.\n(8) If a foreign or alien insurer, a certificate of the public insurance supervisory official\nof its state or country of domicile showing that it is authorized or qualified for\nauthority to transact in a state or country the kinds of insurance proposed to be\ntransacted in this state.\n(9) If an alien insurer, a certificate as to deposit, if to be tendered pursuant to subsection\n(4) of KRS 304.3 -140, and a copy of the trust deed, if any, pertaining to a deposit,\ncertified by the trustee.\n(10) If a foreign insurer, a certificate as to deposit, if to be tendered pursuant to\nsubsection (4) of KRS 304.3-140.\n(11) If an alien insurer, a copy of the appointment and authority of its United States\nmanager, certified by its officer having custody of its records.\n(12) Designation by the insurer of its officers or representatives authorized to appoint\nand remove its agents in this state.\n(13) If to transact surety insurance, the names and addresses of all its attorneys in fact\nwithin this state together with the scope of authority of each attorney-in-fact.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16712","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:37Z","sha256":"bbb20d67a5af5bfdfbaa76659b8f9d6a34e58fd1059155c1c1d31c2b3ae7779e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.3-140","next":"us-ky/krs-304.3-160"},"notice":"GroundRules: Original legal text. Not legal advice."}