{"data":{"id":"us-ky/krs-304.7-473","jurisdiction":"us-ky","citation":"KRS 304.7-473","heading":"Investment practices that are allowed without regard to limitations of","body":"KRS 304.7-451 to 304.7-473.\n(1) An insurer may acquire under this section investments, or engage in investment\npractices, of any kind that are not specifically prohibited by this  subtitle, or engage\nin investment practices, without regard to any limitation in KRS 304.7 -455, 304.7-\n457, 304.7-459, 304.7-461, 304.7-463, 304.7-465, 304.7-467, and 304.7-469, but an\ninsurer shall not acquire an investment or engage in an investment prac tice under\nthis section if, as a result of and after giving effect to the transaction, the aggregate\namount of the investments then held by the insurer under this section would exceed\nthe greater of:\n(a) Its unrestricted surplus; or\n(b) The lesser of:\n1. Ten percent (10%) of its admitted assets; or\n2. Fifty percent (50%) of its surplus as regards policyholders.\n(2) An insurer shall not acquire any investment or engage in any investment practice\nunder paragraph (b) of subsection (1) of this section if, as a result of and after giving\neffect to the transaction, the aggregate amount of all investments in any one (1)\nperson then held by the insurer under that subsection would exceed five percent\n(5%) of its admitted assets.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16863","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:39Z","sha256":"16003fd6b6f57b6910735f1ec29065fbc0aea9d3ca0c82d8c476d71703af4938","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.7-471","next":"us-ky/krs-304.701"},"notice":"GroundRules: Original legal text. Not legal advice."}