{"data":{"id":"us-ky/krs-304.33-530","jurisdiction":"us-ky","citation":"KRS 304.33-530","heading":"Foreign domiciliary receivers in other states.","body":"(1) Property rights and title: reciprocal state. The domiciliary liquidator of an insurer\ndomiciled in a reciprocal state shall be vested by operation of law with the title to\nall of the property, contracts and rights of action, and all of the books, accounts and\nother records of the insurer located in this state. The date of vesting shall be the date\nof the filing of the petition, if that date is specified by the domiciliary law for the\nvesting of property in the domiciliary state; otherwise, the date of vesti ng shall be\nthe date of entry of the order directing possession to be taken. The domiciliary\nliquidator shall have the immediate right to recover balances due from agents and to\nobtain possession of the books, accounts and other records of the insurer loca ted in\nthis state. The domiciliary liquidator also shall have the right to recover the other\nassets of the insurer located in this state, subject to subsection (3) of KRS 304.33 -\n540.\n(2) Property rights and title: state not a reciprocal state. If a domicil iary liquidator is\nappointed for an insurer not domiciled in a reciprocal state, the commissioner of\nthis state shall be vested by operation of law with the title to all of the property,\ncontracts and rights of action, and all of the books, accounts and other records of the\ninsurer located in this state, at the same time that the domiciliary liquidator is vested\nwith title in the domiciling state. The commissioner of this state may petition for a\nconservation or liquidation order under KRS 304.33 -510 or 304 .33-520, or for an\nancillary receivership under KRS 304.33 -540, or after approval by the Franklin\nCounty Circuit Court, may transfer title to the domiciliary liquidator, as the interests\nof justice and the equitable distribution of the assets require.\n(3) Filing claims. Claimants residing in this state may file claims with the liquidator or\nancillary receiver, if any, in this state or with the domiciliary liquidator, if the\ndomiciliary law permits. The claims must be filed on or before the last date fixed\nfor the filing of claims in the domiciliary liquidation proceedings.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29873","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:55Z","sha256":"387dc7d8cd35a2f1fe3527b0ccdbf23adc5502cd61f7338b3bdd59c716900dae","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.33-520","next":"us-ky/krs-304.33-540"},"notice":"GroundRules: Original legal text. Not legal advice."}