Ky. Rev. Stat. § 304.24-140
Current through 2024 Ky. Acts ch. 225
If the proposed domestic insurer fails to complete its organization and to secure its original certificate of authority within one (1) year after the date of its certificate of incorporation, its corporate powers shall cease, and the commissioner shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under KRS 304.24-130.
KRS 304.24-140
Amended 2010, Ky. Acts ch. 24, sec. 1330, effective7/15/2010. -- Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 14, effective 6/18/1970.