{"data":{"id":"us-ky/krs-304.8-050","jurisdiction":"us-ky","citation":"KRS 304.8-050","heading":"Other real property as deposit.","body":"(1) The insurer's policyholders and creditors in the United States, and this state and\nother states in which the insurer is authorized to transact insurance, shall have a first\nlien upon other real property, of which the evidence of the insurer's title is deposited\nby the insurer. The commissioner shall file proper notice of such lien with the\ncounty clerk of the county in which any such property is located.\n(2) Such real property shall not be withdrawn, sold, or further encumbered unless other\neligible assets of equal or greater value are deposited by the insurer in lieu thereof.\nUpon any such withdrawal, sale, or encumbrance the commissioner shall execute a\nproper release of such property, which release shall be recorded in the office of such\ncounty clerk.\n(3) For the purpose of determining the amount of deposit, such real property shall be\nvalued at sixty percent (60%) of its fair value as determined by the commissioner.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16868","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:39Z","sha256":"e106ea9124ca619d19b0df84b0cd65070504446a46c233acf1eecb4b6a8adbec","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.8-040","next":"us-ky/krs-304.8-060"},"notice":"GroundRules: Original legal text. Not legal advice."}