Ky. Rev. Stat. § 304.22-040
Current through 2024 Ky. Acts ch. 225
An insurer shall not in any manner guarantee the payment of the principal or the interest of bonds or other obligations executed by others, other than (a) in connection with the handling of litigation relating to losses or claims involving the insurer, its insureds, its agents or its attorneys, or (b) in connection with the settlement of such losses or claims, or (c) in the event such guarantee is specifically approved by the commissioner.
KRS 304.22-040
Amended 2010, Ky. Acts ch. 24, sec. 1321, effective7/15/2010. -- Amended 1972 Ky. Acts ch. 318, sec. 1, effective 6/16/1972. -- Created 1970 Ky. Acts ch. 301, subtit. 22, sec. 4, effective 6/18/1970.